The authors report on the results of a survey of current undergraduate instruction on the socialist economic system and post-socialist economies. Based on responses from 80 colleges and universities, they evaluate how course offerings and content have changed in light of the momentous...

Why are some business lobbies less benign in their external effects than others? In The rise and decline of nations (New Haven: Yale University Press, <CitationRef CitationID="CR44">1982</CitationRef>), Mancur Olson proposed that less-encompassing groups—i.e., those whose constituents collectively represent a relatively narrow range of...</citationref>

Interfirm information exchange as to the reliability of trade partners supports the development of markets by mitigating information asymmetries and providing the basis for relational contracting. While this general point has been made in a variety of contexts, most of the literature analyzes...

Using a database from post-communist, pre-deposit-insurance Russia, we demonstrate the presence of quantity-based sanctioning of weaker banks by both firms and households. Evidence for the standard form of price discipline, however, is weak. This combination of findings is unusual within the...

Political competition and "merchant group" pressures have been pointed to as forces that limit state threats to the property rights of firms. This article presents evidence confirming their importance and highlighting an interesting feature of their interaction. Drawing on separate surveys of...