Contents: Preface -- 1. Introduction -- 2. Road to reform: 1949-1978 -- 3. Reform 1979-1989: how was the market created? -- 4. Reform and political coalition in 1990-2003 -- 5. Stagnation in 2003-2012 -- 6. The post reform period 2012-present -- 7. Lessons learned and long term expectations --...

In 1997, thousands of people gathered in Marrakesh, Morocco, for the first World Water Forum to address an urgent problem: the global water crisis. The meeting resulted in the Marrakech Declaration, a pledge that called on the World Water Council to develop a "World Water Vision" for the 21st...

Purpose This paper aims to study the impact of CEOs' cultural background on corporate innovation. The paper constructs a measure of CEOs' cultural individualism based on their birthplaces and investigates its relationship with firms' patents and citations. The study aims to shed light on the...

This textbook characterizes the economics of telecommunication services from an engineering perspective. The authors bring out the fundamental drivers of the industry and characterize networks from a graph theoretic perspective, including random, small world, and scale free networks. The authors...

Purpose: Drawing on a cost–benefit perspective, this paper aims to explore the relation between information asymmetry and the decision to delist from stock exchanges during periods of uncertainty. Specifically, it investigates the role of firms’ intangible investments and the availability...

This paper studies the design of optimal, privately-stipulated damages when breach of contract is possible at more than one point in time. It offers an intuitive explanation for why cancellation fees for some services (e.g., hotel reservations) increase as the time for performance approaches. If...