After the Big Bang?: Obstacles to the Emergence of the Rule of Law in Post-communist Societies, Volume 9282
Jan 2002 · World Bank Publications
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When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the rule of law. That didn't happen. We present a dynamic equilibrium model of the political demand for the rule of law and show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of the game.' The reason is that uncertainty about the legal regime can lead to asset stripping, and stripping can give agents an interest in prolonging the absence of the rule of law.
When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the rule of law. That didn't happen. We present a dynamic equilibrium model of the political demand for the rule of law and show that beneficiaries of mass privatization may fail to de...
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2 reviews
Cprl.Mendoza Jeremiah
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August 13, 2023
charge it to the big bang theory TV shows
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