This essay analyzes the continuing integration of several transition economies of Europe, the former Soviet Union (FSU) and Asia into the world trading and financial system in the period 1990-95. Suitable norms are developed in the essay for comparing and ranking the integration record of the...

By the end of 1993, the unified and freely convertible ruble on current account represented a major step in Russia’s foreign exchange management. The monetarist model of this paper (which gives a robust estimate of the real exchange rate) suggests that the impact of the gap between available...

In this paper, we propose an analytical framework suggesting that wage nonpayment in the Russian state sector and privatized factories, which resulted from acute cash flow problems in both, reflected an implicit contract among the government, managers and labor against worker layoff. We analyze...

We develop an endogenous fertility model of social stratification with two hereditary classes: a warrior elite and a peasantry. Our model shows that the extra cost warriors must incur to raise their children and to equip them for war is the key determinant of (1) the relative sizes of both...

We develop an endogenous fertility model of social stratification with two hereditary classes: a warrior elite and a peasantry. Our model shows that the extra cost warriors must incur to raise their children and to equip them for war is the key determinant of (1) the relative sizes of both...

We model the coevolution of behavioral strategies and social learning rules in the context of a cooperative dilemma, a situation in which individuals must decide whether or not to subordinate their own interests to those of the group. There are two learning rules in our model, conformism and...

We present a microeconomic model of social stratification, which includes an endogenous fertility component. In the model, egalitarian and stratified societies coexist. The latter are divided into two hereditary classes: a warrior elite and a productive class. The model entails that the extra...

We develop an endogenous fertility model of social stratification with two hereditary classes: warriors and peasants. Our model shows that the extra cost warriors must incur to raise their children and to equip them for war is the key determinant of (1) the relative sizes of both classes, and...