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Which mechanisms support the fulfillment of sales agreements? Asking decision-makers in firm

Hendley, Kathryn; Murrell, Peter - University of Maryland, Department of Economics - 2003

The paper proposes a methodology to obtain evidence on the relative importance of different mechanisms for supporting agreements. A survey question posed to company directors summarizes key aspects of mechanisms and asks for judgments on use. In contrast to existing approaches, the data covers...

Persistent link: https://www.econbiz.de/10005241850

Institutions and Transition

Murrell, Peter - University of Maryland, Department of Economics - 2006

Prepared for The New Palgrave Dictionary of Economics, 2nd Edition, this essay examines the evolution of both institutions and economists' thinking on institutions during transition. Early in transition, institutions were virtually ignored in the majority of normative prescriptions, but were...

Persistent link: https://www.econbiz.de/10005823498

Law, Relationships, and Private Enforcement: Transactional Strategies of Russian Enterprises

Hendley, Kathryn; Murrell, Peter; Ryterman, Randi - University of Maryland, Department of Economics - 1998

We examine how Russian enterprises do business with one another, focusing on the strategies used to obtain efficiency … suggests enterprises resort to private enforcement, indicating overstatement in the supposed connection between weakness in law …

Persistent link: https://www.econbiz.de/10005823499

A Structural Topic Model of the Features and the Cultural Origins of the Baconian Program

Grajzl, Peter; Murrell, Peter - 2017

We use machine-learning methods to study the features and origins of the Baconian program, a cultural and methodological paradigm viewed as providing the intellectual roots for modern economic growth. After building a machine-readable corpus of Bacon's works, we estimate a structural topic...

Persistent link: https://www.econbiz.de/10011657164

The Role of Law in China's Economic Development

Clarke, Donald; Murrell, Peter; Whiting, Susan - University of Maryland, Department of Economics - 2006

This paper surveys China's legal system in the economic reform era. We analyze the role of law in the economy … - property rights, agreements to trade, and corporate governance - asking whether law plays an important role, how that role has … changed, and what the current problems are. Common themes arise. First, there have been profound changes, with law playing an …

Persistent link: https://www.econbiz.de/10005764510

The Relative Levels and the Character of Institutional Development in Transition Economies

Murrell, Peter - University of Maryland, Department of Economics - 2003

At present, there is no generally accepted accounting of the institutional strengths and weaknesses of the transition economies. The first goal of the paper is to fill this gap by assessing current levels of institutional development. The second is to examine which types of institutional...

Persistent link: https://www.econbiz.de/10005582240

Firms Facing New Institutions: Transactional Governance in Romania

Murrell, Peter - University of Maryland, Department of Economics - 2003

How quickly do firms respond to new institutions? Romanian survey data permits investigation of this question, using variables summarizing firms' strategies on transactional governance. These variables are regressed on the factors that should determine efficient behavior according to standard...

Persistent link: https://www.econbiz.de/10005241849

Law, Relationship, and Private Enforcement: Transactional Strategies of Russian Enterprise

Hendley, Kathryn; Murrell, Peter; Ryterman, Randi - William Davidson Institute, University of Michigan - 1998

Persistent link: https://www.econbiz.de/10005677724

A structural topic model of the features and the cultural origins of the Baconian program

Grajzl, Peter; Murrell, Peter - 2017

Persistent link: https://www.econbiz.de/10011646730

Which mechanisms support the fulfillment of sales agreements? : Asking decision-makers in firms

Hendley, Kathryn; Murrell, Peter - In: Economics letters 78 (2003) 1, pp. 49-54

Persistent link: https://www.econbiz.de/10001728090