In the absence of private property rights: Political control and state corporatism during Putin's first tenure
This paper argues that Russia's choice of economic organization, which is based on the renewed role of the state, is a response to the existence of severe transaction costs, and subsequent mitigation of contractual incompleteness in the absence of a strong property rights system. Ill-defined pr...
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| Format: | Article |
| Language: | English |
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Voprosy Ekonomiki
2016-03-01
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| Series: | Russian Journal of Economics |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405473916300034 |