The Institutional Economics of Market-Based Climate Policy

The chapter of “Institutional Economics” textbook is devoted to the development of business-groups as a specific feature of industrial organization in the Russian economy. The main determinants of forming and functioning of business-groups such as allocation of property rights in Soviet enterprises, networks of directors and executive authorities in the Soviet economic system as well as import of new institutes and inefficient state enforcement are in the center of analysis. Origins, structure, organization and management within the groups and the role of shareholding and informal control rights are considered.

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Stability in the informal value transfer systems: norms of trust or institutions of control?

Voprosy Ekonomiki ◽

10.32609/0042-8736-2017-3-120-130 ◽

2017 ◽

pp. 120-130

Author(s):

A. Lyasko

Keyword(s):

Social Control ◽

Institutional Economics ◽

Theoretic Model ◽

Transfer System ◽

Value Transfer ◽

Partner Interaction ◽

Game Theoretic ◽

Game Theoretic Model ◽

Informal Value Transfer System

Informal financial operations exist in the shadow of official regulation and cannot be protected by the formal legal instruments, therefore raising concerns about the enforcement of obligations taken by their participants. This paper analyzes two alternative types of auxiliary institutions, which can coordinate expectations of the members of informal value transfer systems, namely attitudes of trust and norms of social control. It offers some preliminary approaches to creating a game-theoretic model of partner interaction in the informal value transfer system. It also sheds light on the perspectives of further studies in this area of institutional economics.

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Vertical Restrictions: Development of Theory, Antitrust Legislation and Enforcement

Voprosy Ekonomiki ◽

10.32609/0042-8736-2010-5-110-122 ◽

2010 ◽

pp. 110-122 ◽

Cited By ~ 2

Author(s):

S. Avdasheva ◽

N. Dzagurova

Keyword(s):

Institutional Theory ◽

Institutional Economics ◽

Theory Of The Firm ◽

New Institutional Economics ◽

Hierarchical Organization ◽

Vertical Restraints ◽

New Institutional Theory ◽

Antitrust Laws ◽

Antitrust Legislation ◽

Market Organization

The article examines the interpretation of vertical restraints in Chicago, post-Chicago and New Institutional Economics approaches, as well as the reflection of these approaches in the application of antitrust laws. The main difference between neoclassical and new institutional analysis of vertical restraints is that the former compares the results of their use with market organization outcomes, and assesses mainly horizontal effects, while the latter focuses on the analysis of vertical effects, comparing the results of vertical restraints application with hierarchical organization. Accordingly, the evaluation of vertical restraints impact on competition differs radically. The approach of the New Institutional Theory of the firm seems fruitful for Russian markets.

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Shastitko A. E. New Institutional Economics. 4th ed.

Voprosy Ekonomiki ◽

10.32609/0042-8736-2010-8-152-154 ◽

2010 ◽

pp. 152-154

Author(s):

L. Ruzhanskaya

Keyword(s):

Institutional Economics ◽

New Institutional Economics

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"Investor Myopia" in Post Keynesian Theory and in the Russian Economy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2006-9-71-82 ◽

2006 ◽

pp. 71-82 ◽

Cited By ~ 1

Author(s):

I. Rozmainsky

Keyword(s):

Endogenous Growth ◽

Institutional Economics ◽

Institutional Environment ◽

Transitional Economy ◽

Transition Economics ◽

Keynesian Economics ◽

Russian Economy ◽

Fundamental Uncertainty ◽

High Degree ◽

Negative Growth

The article examines the issues concerning links between institutional economics, Post Keynesian economics, models of endogenous growth and transition economics. The author considers interrelations between ineffective institutional environment, too high degree of fundamental uncertainty, investor myopia and resulting decrease in investment and "negative" growth in Russia’s transitional economy.

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