The Success and Failure of Reforms in Transition Economies
认为俄罗斯与中国在资本主义下表现迥异，关键在于转型中价格与工作安排的不同：俄罗斯遗留的垄断阻碍技术采纳，而中国无此问题，中央政府的强弱是决定因素。
This paper argues that an important reason why Russia's performance and China's performance under capitalism have differed dramatically is that different arrangements governing the determination of prices and work practices evolved during the transition process. In Russia, the arrangement, which conferred monopoly rights to industry groups leftover from socialism, prevented the adoption of better technology. In China, the arrangement that evolved contained no such monopoly elements. The key factor in determining which arrangement evolved was the strength of the central government. We put forth a model that implements these ideas and provide evidence in support of this theory.