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Russian artel revisited through the lens of the New Institutional Economics

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  • Drozdova, Natalia P.

Abstract

Artels, a kind of semi-formal associations for co-operative labor, were widely spread in Russia right up to the early twentieth century. The most popular explanation of this phenomenon is specific Russian mentality, the so-called "artelnost", i.e. the internal commitment to collective work. The paper checks this statement and reveals that artels, as an organizational form of production in specific spheres which is characterized by the team use of inputs, existed mainly due to rather effective solving of adverse selection and moral hazard problems.

Suggested Citation

  • Drozdova, Natalia P., 2009. "Russian artel revisited through the lens of the New Institutional Economics," Working Papers 777, Graduate School of Management, St. Petersburg State University.
  • Handle: RePEc:sps:wpaper:777
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    File URL: https://dspace.spbu.ru/handle/11701/777
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    References listed on IDEAS

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    1. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    2. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
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