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...

The impact of fiscal policy in an economy with a monopolistic output market but a perfectly competitive labor market is examined both in the short run, with a fixed number of firms, and in the long run with free entry. The main innovation of the paper is the generality of the assumptions about...

With a dynamic computable general equilibrium model with Pissarides and Mortensen and Pissarides type equilibrium unemployment, impacts of tax-transfer programmes are assessed for the UK. The model contains more desirable structure of households and production sectors and includes more type of...