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Ethics and Behavior on the Russian Commodity Exchange

Michael A. Kolosov, Deryl W. Martin and Jeffrey H. Peterson
Journal of Business Ethics
Vol. 12, No. 9 (Sep., 1993), pp. 741-744
Published by: Springer
Stable URL: http://www.jstor.org/stable/25072462
Page Count: 4
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Ethics and Behavior on the Russian Commodity Exchange
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Abstract

With tumultuous changes occurring in the former Soviet Union, a unique opportunity exists to examine the implications of unethical behavior in what is, de facto, a totally unregulated market. Recent legalization of commodity trading in Moscow carried with it no legal structure to ensure swift compliance with contract terms. This paper demonstrates that in the absence of legal remedies, a free marketplace appropriately punishes unethical conduct.

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