Institutional Economics of Russia's Transformation
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B01=Anton N. Oleinik
Behavioral Assumptions
Business Groups
Category1=Non-Fiction
Category=KCL
Coase Theorem
Conjoint Authority
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Corporate Governance
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Disjoint Authority
Economic Subjects
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Face To Face
Governance Costs
Government Bodies
Homo Oeconomicus
Language_English
Mainstream Economic Thinking
Mass Privatization
Nash Equilibria
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Path Dependence Theory
Positive Transaction Costs
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Principal Agent Model
Privatization Programme
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Russia's Transformation
Russian Business Groups
Russia’s Transformation
Socioeconomic Development
softlaunch
Strategic Restructuring
Transaction Cost
Transaction Cost Economics
Violated
Product details
- ISBN 9780815397847
- Weight: 850g
- Dimensions: 152 x 235mm
- Publication Date: 29 Nov 2017
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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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.
