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Price liberalization in a reforming socialist economy : a search equilibrium approach / prepared by Domenico Fanizza.

Title
Price liberalization in a reforming socialist economy : a search equilibrium approach / prepared by Domenico Fanizza.
Author
Fanizza, Domenico
Publication
[Washington, D.C.] : International Monetary Fund, c1992.

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1992TextRequest in advance HB236.C725 F36x 1992 1992Off-site

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Details

Additional Authors
International Monetary Fund. Fiscal Affairs Department
Description
iii, 18 p. : ill.; 28 cm.
Summary
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 is not quickly modified to eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy is limiting output losses is identified.
Series Statement
IMF working paper ; WP/92/44
Uniform Title
IMF working paper WP/92/44.
Subject
  • Equilibrium (Economics)
  • Europe, Eastern > Economic policy
  • Mixed economy > Communist countries
  • Prices > Government policy > Communist countries
  • Search theory
Note
  • Caption title.
  • At head of title: International Monetary Fund, Fiscal Affairs Department.
  • "Authorized for distribution by Sheetal K. Chand."
  • "May 1992."
Bibliography (note)
  • Includes bibliographical references (p. 17-18).
Processing Action (note)
  • committed to retain
OCLC
26658144
Owning Institutions
Harvard Library