Over a quarter of the world's population lives in economies that have undertaken transitions from central planning to market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions and have had widely divergent outcomes. Important...

Observers of Russian state market relations typically consider the state as an entity engaged in creating rent-seeking opportunities for bureaucrats, or for the most powerful economic interests. The trajectory and outcomes of electricity sector reforms demonstrate the limits of this perspective...

Observers of Russian state market relations typically consider the state as an entity engaged in creating rent-seeking opportunities for bureaucrats or for the most powerful economic interests. The trajectory and outcomes of electricity sector reforms demonstrate the limits of this perspective...