This paper considers whether the dual production structure now in place in central and eastern European countries (CEECs) is efficient and stable in the medium term. The large, recently emerged corporate and co-operative farm structures may not be stable because of conflicts inherent in...

This paper uses a political economy model which integrates risk to analyse whether the nature of public food standards [food safety standards, food quality standards, and social and environmental standards] affects the politically optimal level of the standard and the likelihood of trade...

The transition from a centrally planned to a more market-oriented economy provides a natural experiment on the role of institutions and exchange in economic development, and more specifically on firm growth. This paper uses survey data from Bulgaria to analyse the impact of exchange problems and...