Bennett, John; Dixon, Huw; Hu, Helen X.Y. - Centre for Economic Development and Institutions … - 2008
We formulate a microeconomic model of the dual-track price system for Households and use it to analyze 'transitional policy' reforms, which we characterize as a rise in plan-track price and a reduction in the plan-track quantity. Each of these reforms has a negative effect on market price, but a...