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 by substantial output losses. A role for tax policy in limiting output losses is identified

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Year of publication:	[2006]
Authors:	Fanizza, Domenico
Publisher:	[2006]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Preisregulierung \| Price regulation \| Systemtransformation \| Economic transition \| Osteuropa \| Eastern Europe

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Extent:	1 Online-Ressource (30 p)
Series:	IMF Working Paper, Vol. , pp. 1-30, 1992
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1992 erstellt
Other identifiers:	10.2139/ssrn.884786 [DOI]
Classification:	P22 - Prices ; D40 - Market Structure and Pricing. General ; D83 - Search, Learning, Information and Knowledge
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012781260