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Law, Relationships, and Private Enforcement: Transactional Strategies of Russian Enterprises

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Author Info

  • Kathryn Hendley

    ()
    (University of Wisconsin-Madison)

  • Peter Murrell

    ()
    (Department of Economics, University of Maryland)

  • Randi Ryterman

    ()
    (The World Bank)

Abstract

We examine how Russian enterprises do business with one another, focusing on the strategies used to obtain efficiency and predictability in their transactions. Using survey data, the paper analyzes the relative importance of relational contracting, self-enforcement, enterprise networks, private security firms, administrative institutions, and courts. Enterprise-to-enterprise negotiations are preferred, but courts are used when disputes resist resolution through negotiation. Consistently, little evidence suggests enterprises resort to private enforcement, indicating overstatement in the supposed connection between weakness in law and the mafia's rise. Legacies of the old administrative enforcement mechanisms are few, although enterprise networks from Soviet days remain resilient.

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Bibliographic Info

Paper provided by University of Maryland, Department of Economics in its series Electronic Working Papers with number 98-001.

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Length: 47 pages
Date of creation: Sep 1998
Date of revision:
Handle: RePEc:umd:umdeco:98-001

Contact details of provider:
Postal: Department of Economics, University of Maryland, Tydings Hall, College Park, MD 20742
Web page: http://www.econ.umd.edu/

Order Information:
Postal: Ms. Elizabeth Martinez, Department of Economics, University of Maryland, Tydings Hall, College Park, MD 20742
Email:

Related research

Keywords: Law; Contracts; Transactions; Contract Governance; Russia; Transition;

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Cited by:
  1. Marcel Fafchamps & Bart Minten, 1999. "Property rights in a flea market economy," CSAE Working Paper Series 1999-25, Centre for the Study of African Economies, University of Oxford.
  2. Pyle, William, 2003. "Reputation flows: Contractual disputes and the channels for inter-firm communication," ZEI Working Papers B 21-2003, ZEI - Center for European Integration Studies, University of Bonn.
  3. Martha de Melo & Gur Ofer & Plamen Yossifov, 2003. "Transition in Regional Capitals along the Volga," Public Economics 0302010, EconWPA.
  4. Sauer, Johannes & Gorton, Matthew & White, John, 2011. "Marketing, Co-operatives and Price Heterogeneity: Evidence from the CIS Dairy Sector," 85th Annual Conference, April 18-20, 2011, Warwick University, Coventry, UK 108938, Agricultural Economics Society.
  5. Berulava, George, 2013. "Do Trust-Based Relations Improve Firm’s Performance? Evidence from Transition Economies," MPRA Paper 48430, University Library of Munich, Germany.
  6. Konstantin Sonin, 2002. "Why the Rich May Favor Poor Protection of Property Rights," William Davidson Institute Working Papers Series 544, William Davidson Institute at the University of Michigan.
  7. Beckmann, Volker & Boger, Silke, 2004. "Courts and contract enforcement in transition agriculture: theory and evidence from Poland," Agricultural Economics, Blackwell, vol. 31(2-3), pages 251-263, December.
  8. Beckmann, Volker & Boger, Silke, 2003. "Courts And Contract Enforcement In Agricultural Transition - Theory And Evidence From Poland," 2003 Annual meeting, July 27-30, Montreal, Canada 22213, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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