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The study analyzes the institutional architecture and the effects of product market competition in 11 countries of CentralandEasternEurope (CEE), which are new members of the European Union (EU). In existing analyses on models of capitalism, countries are characterized by numerous variables covering a variety of political, social, and economic aspects. Based on these results, countries are classified into a number of categories that share common features and may be treated as one model of capitalism. There are different classifications in