This paper outlines a simple neoclassical model of the investment decision of the firm in the volatile environment of the post-Soviet transition. Conditions favoring and limiting investment in fundamental restructuring are explored, where successful restructuring leads to a substantial increase...

This report surveys the state and structure of the Russian economy at the beginning of the 21st century. The nature of the economic system is characterized in terms of the inherited structural and institutional legacies and the efforts to overcome these since 1991. Despite the vast changes that...

This paper outlines a simple neoclassical model of the investment decision of the firm in the volatile environment of the post-Soviet transition. Conditions favoring and limiting investment in fundamental restructuring are explored, where successful restructuring leads to a substantial increase...

A 20. század végének orosz gazdaságát elemezve, a szerző ipari feudalizmusnaknevezi ezt a rendszert, amely alapjaiban tér el a világon megfigyelhető modern piaci rendszerektől. Az eddigi átalakítások lerombolták a szovjet parancsgazdaságot, s a kialakuló intézményi vákuumban a...

The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the...

We discuss issues of international sharing of the responsibility for refugees seeking protection from life threatening circumstances such as created in the course or aftermath of war or an ongoing crises. After surveying proposals for allocating responsibility for refugees among cooperating...

This paper considers two models for analyzing the dynamics of firm behavior that allow for heterogeneity among firms, idiosyncratic (or firm specific) sources of uncertainty, and discrete outcomes (exit and/or entry). Models with these characteristics are needed for the structural econometric...

The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the...