Price Liberalization in a Reforming Socialist Economy : A Search Equilibrium Approach /

A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied...

Полное описание

Библиографические подробности
Главный автор: Fanizza, Domenico
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1992.
Серии:IMF Working Papers; Working Paper ; No. 1992/044
Предметы:
Online-ссылка:Full text available on IMF
Описание
Итог:A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy in limiting output losses is identified.
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Объем:1 online resource (30 pages)
Формат:Mode of access: Internet
ISSN:1018-5941
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students