ECKEHARD ROSEBAUM is Research Fellow at the Frankfurt Institute for Transformation Studies, European University Viadrina, Frankfurt (O). His main research focuses on the development of markets in transformation countries. Amongst other things, he has published in the Journal of Economic Methodology and in Transport Reviews. FRANK BVNKER is Lecturer in Economics at the European University Viadrina, Frankfurt (O). His main research interests concentrate on the political economy of reforms in both Eastern and Western Europe. His recent publications include (as co-author) Institutional Design in Post-communist Societies and (as co-editor) Transformation Sozialistischer Gesellschaften: Am Ende des Anfangs. HANS-J\RGEN WAGENER is Professor of economics at the European University in Frankfurt (O) and director of the Frankfurt Institute for Transformation Studies. Recent publications include (as editor) Economic Thought in Communist and Post-communist Europe and The Political Economy of Transformation.