LUIS ANDRES World Bank, Washington DC, USA STEVE BOUCHER University of California, Davis, USA ALESSANDRA CASARICO Universita Bocconi, Milan, Italy CARLO DEVILLANOVA Universita Bocconi, Milan, Italy C. SIMON FAN Lingnan University, China JOSE LUIS GUASCH World Bank, Washington DC, USA RICHARD GREEN University of Southampton, UK JANOS KORNAI Harvard University, USA, Central European University and Collegium, Budapest, Hungary JANA KUNICOVA California Institute of Technology, USA LASZLO MATYAS University of Budapest, Hungary CLAUDE MENARD Universite de Paris, Pantheon Sorbonne, France MUSTAPHA NABLI World Bank, Washington DC, USA KLARA SABIRIANOVA PETER Georgia State University, USA GERARD ROLAND University of California, Berkeley, USA SUSAN ROSE-ACKERMAN Yale University, USA CARLOS SILVA-JAUREGUI World Bank, Washington DC, USA ODED STARK University of Klagenfurt, Austria; University of Bonn, Germany; Warsaw University, Poland; ESRC, Cologne, Germany STEPHANE STRAUB World Bank, Washington DC, USA JAN SVEJNAR University of Michigan, USA SILKE UEBELMESSER University of Munich, Germany EVGENY YAKOVLEV Centre for Economic, Financial and International Research, Moscow, Russian Federation EKATERINA ZHURAVSKAYA Centre for Economic, Financial and International Research, Moscow, Russian Federation; Centre for Economic Policy Research, UK