China, like a number of other antitrust jurisdictions, has a law concerning unfair pricing. This article develops an economic framework for applying the unfair pricing law in China. The framework draws on the experience of courts and competition authorities in other jurisdictions and the...

In a period when the globalisation of the World reveals systemic problems on a global scale, a search for systemic solutions is on the agenda. This paper offers a critical analysis of the five co-ordination mechanisms proposed by Kornai (1992) (bureaucratic, market, self-governing, ethical and...

Spanish Abstract: La organización de la economía actual está representada por el modelo de empresa moderna que permite grandes volúmenes de producción y ganancias para los dueños, pero deteriora las condiciones laborales para quienes sólo aportan su trabajo. Para contender este modelo,...

The North Korean economy has been a statistical black hole for decades but is undergoing substantial transformations. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea’s during the next three decades, during which trend...

This paper represents a comparative analysis of seventeen case studies from Central and Eastern Europe, selected from different published sources. The analysis of these business cases is used to highlight the typical strategic responses of firms to the unstable business environment in the...

We take up the widely held view that the observed discrepancy between law on the books and law in action has prevented economic transition and investigate its role for the failure of the Bulgarian credit market. In doing so, we focus on the role of injunctive informal institutions which have...

The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany...

The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany...

This paper reviews recent regulatory and policy changes that affect the Chinese central government's ownership and authority over the capital allocations of strategic state-owned enterprises (SOE).The paper examines the reform of the central government's relationship with key SOEs as a...

We take up the widely held view that the observed discrepancy between law on the books and law in action has prevented economic transition and investigate its role for the failure of the Bulgarian credit market. In doing so, we focus on the role of injunctive informal institutions which have...