We provide a theory and empirical evidence showing that the rotation of ruling elites in combination with elites' asset ownership could improve property rights protection, and that such association holds for non-democratic political regimes when it is based on elites' concerns about security of...

The paper explores a phenomenon often observed in transition economies, when newly established institutions are misused, i.e., applied or resorted to for reasons which have little in common with their intended or anticipated purpose. In such incidences institutions become sources of private...

Institutions are often misused, i.e. applied or resorted to for reasons which have little in common with their intended raison d'etre. This paper provides an insight into the origins and causes of institutional misuse and explores the political economy of this phenomenon. We present a typology...

Performance of Russian homeowners associations – non-profits established to manage common property in residential housing – is assessed using the stochastic frontier technique, which is a powerful tool of productivity analysis. Performance variations are explained by physical and social...

The paper demonstrates the potential of the stochastic frontier-based methods of performance assessment of non-profit associations. They are commonly used for productivity analysis and could serve as an adequate tool for such assessment, especially when dealing with numerous non-profits pursuing...

In paper the problem of state and business interaction in main national projects realization is described. Advantages and risks are shown. To raise efficiency of partnership it is offered to optimize a perfection of a legal regime, society’s participation in discussion of the projects and...