This paper investigates the relationship between firm restructuring and international competition in Bulgaria during … local market. Neither hypothesis is rejected. The firm-level data suggest that international competition led to substantial …

theme of the new research is that institutions exert a profound influence on economic development. We argue that, to … understand capitalist institutions, one needs to understand the basic trade-off between the costs of disorder and those of … dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial …