From Informal to Formal Markets: A Case Study of Bulgarian Food Markets During Transition

Junior Davis

Comparative Economic Studies, 1996, vol. 38, issue 1, 37-53

Abstract: In the transition from “informal” to more “formalized” markets, numerous institutions, arrangements and economic agents need to be created. How to organize and regulate the requisite institutions and arrangements for a transition, at the same time establishing sound economic policies, is the focus of this paper. I use the policy mix adopted by the Bulgarian government in food markets to achieve this objective, arguing that the Bulgarian government should place greater emphasis on non-interventionist agricultural policies which do not significantly affect the incentive structure.

Date: 1996
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