haku: @author Lane, T. / yhteensä: 3
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| Tekijä: | Sundakov, A. Ossowski, R. Lane, T. |
| Otsikko: | Shortages under free prices: the case of Ukraine in 1992 |
| Lehti: | Staff Papers
1994 : SEP, VOL. 41:3, p. 411-434 |
| Asiasana: | PRICES UKRAINE ECONOMIC CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper examines whether shortages may occur in an economy in transition, even for goods whose prices are free. The empirical relevance of this phenomenon is suggested by a case study of Ukraine during 1992. The paper presents a model of enterprise behavior in an environment where key inputs are centrally allocated at preferential prices. It shows that the allocation of key inputs according to perceived need may create incentives for enterprises to perpetuate shortages, despite formal price liberalization. |
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