Download full text
(351.5Kb)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-51313-0
Exports for your reference manager
Monotowns: a new take on the old problem
Моногорода: новый взгляд на старую проблему
[journal article]
Abstract The authors of this paper propose an approach to studying risk management in the most vulnerable monotowns that would account for the relations between major stakeholders and use the tools developed in the framework of the new institutional economic theory. Having compared the existing definitions o... view more
The authors of this paper propose an approach to studying risk management in the most vulnerable monotowns that would account for the relations between major stakeholders and use the tools developed in the framework of the new institutional economic theory. Having compared the existing definitions of the "monotown" concept, the authors present their own approach. They identify key reasons behind monotown vulnerability and systematize stakeholders' risks. The authors then posit that a study of monotown-related issues would be incomplete without accounting for stakeholders’ interests and relations. Monotown problems become apparent in the context of institutional agreements carried out with high transition costs and increased risks of opportunistic behaviour encountered by the institutional agreement stakeholders. Solving these problems through the methods proposed in the article would help to identify a wider range of alternatives while still taking into account all the typical scenarios. The authors analyse the process of risk management in monotowns from the viewpoint of international practices; and identify structural alternatives of outweighing these risks by considering key relations affecting the implementation of each alternative.... view less
Keywords
risk management; alternative; structural development; agreement on objectives
Classification
Management Science
Free Keywords
monotown, stakeholder
Document language
English
Publication Year
2015
Page/Pages
p. 4-24
Journal
Baltic Region (2015) 1
DOI
https://doi.org/10.5922/2079-8555-2015-1-1
ISSN
2079-8555
Status
Published Version; peer reviewed