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Politicians, Firms and the State of Institutional Environment

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Issue Date
2010-07
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.23 No.3, pp. 391-406
Keywords
Institutional environmentTransition economiesRent-seeking
Abstract
The model we develop analyses how the state of an institutional

environment influences resources allocation in a transition economy.

We capture the interaction between politicians who influence

firms decisions regarding resources allocation and managers, introducing

a parameter which measures the strength of institutions.

The results of our model confirm that building up strong institutions

in a transition economy can play a central role in privatisation

and restructuring processes and motivate agents to agree on

a better resources allocation.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/69815
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of Economics (SJE)Seoul Journal of Economics vol.23 no.1~4 (2010)
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