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The Invisible Hand and the Grabbing Hand
Open accessAbstract
Evidence from a survey of 105 shop-owners in Moscow and Warsaw shows that the reliance on private protection, as well as the burden of regulation and corruption, are much greater in Moscow. The evidence suggests that the `invisible hand' model of government better fits the Warsaw local government, and the`grabbing hand' model is more appropriate for Moscow. The evidence implies that the singular focus on the speed of economic reforms to understand the success of transition is misplaced, and that the quality of government may be as essential.
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Citations
Cited by
Courts and Relational Contracts
Johnson, S. (2002) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/18.1.221 · Cited by 533
Why the rich may favor poor protection of property rights
Sonin, K. (2003) · Journal of Comparative Economics · doi:10.1016/j.jce.2003.09.005 · Cited by 325
Corporate Scandals and Regulation
HAIL, L., TAHOUN, A., & WANG, C. (2018) · Journal of Accounting Research · doi:10.1111/1475-679x.12201 · Cited by 111
Metadata
- Authors
- Frye, T., & Shleifer, A.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1996-12
- OpenAlex
- W2125864562
- Cited by
- 878
- References
- 0
- Type
- report
- Language
- en
- Open access
- green
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How to cite
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- CoChat. (2026). Citation check: The Invisible Hand and the Grabbing Hand. https://app.cochat.ai/papers/10.3386/w5856
- The paper
- Frye, T., & Shleifer, A. (1996). The Invisible Hand and the Grabbing Hand. National Bureau of Economic Research. https://doi.org/10.3386/w5856
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.