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Price Liberalization in a Reforming Socialist Economy : A Search Equilibrium Approach / Domenico Fanizza.
- Format:
- Book
- Government document
- Author/Creator:
- Fanizza, Domenico.
- Series:
- IMF Working Papers; Working Paper ; No. 1992/044
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (30 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1992.
- Language Note:
- English
- 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 economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy in limiting output losses is identified.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613783066
- 9781462327843
- 1462327842
- 9781455252497
- 1455252492
- 9781281602374
- 128160237X
- 9781455278619
- 1455278610
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