Improvements in economic efficiency and productivity are the most important sources for economic growth, however, have yet to occur in Russia. The Soviet Union left an institutional vacuum and large economic distortions behind, which set the stage for an established elite to systematically exploit factors of production for their personal benefit lacking the incentives to restructure. This paper...

Elsebeth Holmen University of Twente Department of Construction Process Management P.O. Box 217, NL-7500 AE Enschede, The Netherlands E-mail: [email protected] Phone: +31 53 489 3727, Fax +31 53 489 25 11 or Norwegian University of Science and Technology Department of Industrial Economics and Technology Management N-7491 Trondheim, Norway E-mail: [email protected] Phone: +47 73 59 04 64,...

Though the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is relevant for market structure and competition. Then I develop the industrial economics approach, whic...

Preliminary version 1 Browsing through Oxford students " economics reading lists during the inter-war period; it rapidly becomes apparent that Marshall " s theory formed a key part of economics syllabi at the time. It seems highly likely that Marshall " s Principles of Economics prevailed as the dominant theory of industry and of competition during these two decades. However, the Principles of ...

Copenhagen Business School Department of Industrial Economics and Strategy Nansensgade 19, 2 DK-1366 Copenhagen K. Denmark Tel: +45 3815 2941 Fax: +45 3815 2540 Email: [email protected] Helsinki School of Economics and Business Administration Department of Marketing/Logistics Runeberginkatu 22-24 FIN-00100 Helsinki Finland Tel: +358 9 4313 8329 Fax: +358 9 4313 8669 Email: [email protected]...

Department of Industrial and Systems Engineering, Virginia Polytechnic Institute and State University, 7054 Haycock Road, Falls Church, VA 22043, USA; Department of Economics, Louisiana State University, Baton Rouge, LA 70803, USA; Faculty of Transport and Traffic Engineering, University of Belgrade, Vojvode Stepe 305, 11000 Belgrade, Serbia; Department of Economics, Virginia Commonwealth Unive...

We consider economies with incomplete markets, production, and a given distribution of initial endowments. The main purpose of the paper is to present a robust example of an economy with only one firm and one good per state in which no production decision entails a constrained efficient outcome. In particular, the unique Drèze equilibrium is dominated by every other production decision. ∗We are...

We study the effect of wealth on individual and household labor supply using a large, newly-collected sample of lottery players in Sweden. Using high-quality administrative data for roughly 2.5 million lottery players, we find that winning a lottery prize modestly reduces labor earnings, with the effects roughly constant over time and persisting more than 10 years. We find both intensive and ex...