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 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...