Lanjouw, Jean O.; Lanjouw, Peter; Milanovic, Branko; … - In: The Economics of Transition 12 (2004) 3, pp. 509-536
Economic transition is associated with significant shifts in relative prices between private and public goods. If, as a result, public goods claim a larger share of total expenditures, economies of scale in consumption increase. We show how relative price changes might alter the welfare of...
