In the 2000s the Russian government considered electronic auctions (e-auctions) as the best way to procure goods for public needs. In this paper we confirm this proposition using an empirical dataset of contracts for the procurement of granulated sugar in Russia in 2011. Our data shows that unit...

The reform of budget-sector entities enables us to compare the impact of different types of public procurement regulations in budget and autonomous organizations in Russia. Such analysis is important in light of the critical discussion of the effects of current procurement regulation (94-FL), as...

Millions of people in the geopolitically important region of Central Asia depend on water from snow- and glacier-melt driven international rivers, most of all the Syr Darya and Amu Darya. The riparian countries of these rivers have experienced recurring water allocation conflicts ever since the...

The article considers behavior patterns of Russian firms before and during the financial crisis of 2008-9. Three main groups of actors in the Russian economy are defined at the firm level: large politically connected companies; mid-size firms that have grown in the 2000s decade with...

Even though the application of the term "monopolism" to the Soviet economy is relatively recent, monopolistic relations and actions themselves have long been an integral part of our economic life.

In recent years, the system of financial markets in Russia has been characterized by very high rates of growth at the same time that its level of development continues to lag behind similar markets in foreign countries.sup1/sup This is primarily because the starting point, which is the basis for...

The aim in this article is to analyze the problem of asymmetry of information in the savings market, not only from the standpoint of the demand for deposits as formed by the banks, but from the standpoint of their supply as wellâ that is, from the standpoint of the households themselves. We...