The paper analyses Russian corruption as a?specific "industry" of the Russian economy that is in many important respects influenced by the political system. The latter, in turn, is also being transformed due to corruption. The authors introduce and discuss the basic concepts used in the...

The paper considers monitoring of environmental change as the central element of environmental regulation. Monitoring, as each kind of principal-agent relations, easily gives rise to corruptive behavior. In the paper we analyze economic models of environmental monitoring with high costs,...

The Russian economy is in transition period "from plan to market", which is characterized by immature institutions and expansion of rent-seeking behavior. In this article, the authors consider rent as a?possible excess return above the minimum income needed to encourage an agent to implement the...

Shortening of available volumes of a natural resource can become an engine for the development of new technologies, which could help using it more effectively. The article considers the case of Israel — the state that encounters sweet water deficit. Accessible average volume of this resource...