This EPRG paper explores whether the question of why some countries are able to implement more extensive reforms is closely related to the question of why some countries have better institutions than others
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This EPRG paper explores whether the question of why some countries are able to implement more extensive reforms is closely related to the question of why some countries have better institutions than others
This paper deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this reorganization by relying on the New Institutional Economics framework...
This paper first reviews some of the main contributions of the new institutional economics to the analysis of the process of competitive transformation of network industries...