Over the past decade, the repressive legal and regulatory environment in transition economies has received considerable attention in the literature. In Russia, this framework has resulted in an environment in which rules and regulations govern almost all aspects of economic activity. The...

We develop a framework where economic agents choose between becoming productive entrepreneurs or re-distributive rent seekers. Rent seekers use economic resources to extract rents and thus their existence generates an inefficient economic outcome. We study the welfare impact of rent seeking...

This paper is concerned with welfare effects of self-regulation. It considers one group of heterogeneous producers modelling incentives they face when collectively deciding about production and trade of a commodity and employing a technology that take into account the trade-off between quality...

In this paper, we investigate factors affecting total household consumption and poverty in Uganda using household survey data. Our analysis indicates that household wellbeing can be improved by expanding education at all levels (primary, secondary, and university), expanding formal employment,...

Replaced with revised version of paper 12/15/05.

This paper studies the links between private politics, environmental performance of firms and regulatory activity by the government. Following the terminology coined by Baron (2001), "private politics" refers to the individual or collective actions initiated by public interest and activist...

It has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind that of other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions and...

As part of a recent anti-corruption campaign, the Brazilian government began to audit the municipal expenditure of federally-transferred funds. Using these audit reports, we construct a unique data set of political corruption to test whether reelection incentives affect the level of corruption...