Institutional Economics of Russia's Transformation
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Behavioral Assumptions
Business Groups
Category=KCM
Coase Theorem
Conjoint Authority
Corporate Governance
Disjoint Authority
economic history methodology
Economic Subjects
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Face To Face
Governance Costs
governance structures Russia
Government Bodies
Homo Oeconomicus
informal institutions analysis
institutional traps in Russian transition
Mainstream Economic Thinking
Mass Privatization
Nash Equilibria
network capitalism theory
Path Dependence Theory
Positive Transaction Costs
post-Soviet economic reform
Principal Agent Model
Privatization Programme
Russia's Transformation
Russian Business Groups
Russia’s Transformation
Socioeconomic Development
Strategic Restructuring
Transaction Cost
transaction cost economics
Violated
Product details
- ISBN 9781138621039
- Weight: 690g
- Dimensions: 152 x 235mm
- Publication Date: 12 Oct 2020
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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This book applies institutional theory to the analysis of the post-Soviet Russian economy to bring to light the reasons why reforms have gone awry. Emphasis is put on the elements missed in the early blueprints of reforms: constraints embodied in formal and especially informal institutions. Other aspects considered include the dominant model of power relationships and the networks of localized and personalized relationships among economic actors. The first part provides a general description of the core concepts of institutional theory, including both the 'old' institutionalism of T. Veblen and J. Commons and the 'new' institutional economics of R. Coase, O. Williamson and D. North, and in the second part an institutional model of the post-Soviet Russian economy is developed. In the course of the analysis the authors discuss such unresolved issues as post-privatization development in Russia and validity of the Coase theorem in the post-Soviet institutional context. Rich empirical data grounds the discussion throughout.
ANTON N. OLEINIK Memorial University of Newfoundland, Canada and Russian Academy of Sciences, Russia.
