Resource Allocation During the Transition to a Market Economy : Policy Implications of Supply Bottlenecks and Adjustment Costs /

Resource Allocation During the Transition to a Market Economy : Policy Implications of Supply Bottlenecks and Adjustment Costs /

The paper discusses the case against a laissez faire approach to resource allocation and develops a model of supply bottlenecks. It argues that: (1) once budget constraints are hardened and credit markets begin to function appropriately, externalities associated with production bottlenecks and adjus...

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Bibliografiske detaljer
Hovedforfatter:	Isard, Peter
Andre forfattere:	Aizenman, Joshua
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 1993.
Serier:	IMF Working Papers; Working Paper ; No. 1993/006
Online adgang:	Full text available on IMF

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