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Институциональные Ловушки И Экономические Реформы
[Institutional Traps and Economic Reforms]

The theory of institutional traps, i.e. ineffective but stable institutions or behavior norms, is develope din connection with economic reforms. Mechanisms are described that cause a system to get into a trap and ways of going out of it are analyzed. Concepts of transformation costs and trasitional rents are introduced. As examples of institutional traps, considered are such institutions, as barter, non-payments, tax evasion, and corruption. A game-theoretic model of the barter trap is given.

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File URL: http://mpra.ub.uni-muenchen.de/27257/1/MPRA_paper_27257.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27257.

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Date of creation: 1999
Date of revision:
Publication status: Published in Economics and Mathematical Methods 2.35(1999): pp. 1-37
Handle: RePEc:pra:mprapa:27257
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Web page: http://mpra.ub.uni-muenchen.de

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  1. Polterovich, Victor, 1995. "Towards the Theory of Privatization," MPRA Paper 20151, University Library of Munich, Germany.
  2. Tirole, Jean, 1994. ""A Theory of Collective Reputations" with Applications to the Persistence of Corruption and to Firm Quality," IDEI Working Papers 38, Institut d'Économie Industrielle (IDEI), Toulouse.
  3. Sato, Kazuo, 1990. "Indicative planning in Japan," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 625-647, December.
  4. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-37, May.
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