A Macro Model of Queuing and Resale in a Transition Economy
John Fender and
Additional contact information
Derek Laing: University of Essex and the Pennsylvania State University
Comparative Economic Studies, 1993, vol. 35, issue 2, 17 pages
This paper constructs a two-period macroeconomic model to analyze the implications of anticipated market reforms for the economic performance of a centrally planned economy (CPE). In the first period an excess demand for goods develops at prices set by central planners, forcing consumers either to queue to obtain goods from state retailers or to purchase goods on the black market. In the second period a competitive market economy prevails. The model is used to study issues such as the role of foreign aid and the likely impact of domestic monetary and fiscal reforms.
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v35/n2/pdf/ces19938a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v35/n2/full/ces19938a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:compes:v:35:y:1993:i:2:p:1-17
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2
Access Statistics for this article
Comparative Economic Studies is currently edited by Nauro Campos
More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().