Koo, Anthony Y C; Obst, Norman P - In: Comparative Economic Studies 37 (1995) 1, pp. 1-17
China's price reform has been progressing through the mandatory quota (MQ) and dual-track schemes; a unique characteristic of China's gradualist approach to economic transition. The purpose of this paper is to show how MQ, properly modified, has been a bridge from a planned to a market-oriented...