Price Liberalization in a Reforming Socialist Economy : A Search Equilibrium Approach /

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 economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied...

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Bibliographic Details
Main Author: Fanizza, Domenico
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1992.
Series:IMF Working Papers; Working Paper ; No. 1992/044
Subjects:
Online Access:Full text available on IMF