Price Adjustment under the Table

Daniel Levy ()

EconStor Open Access Articles and Book Chapters, 2009, 17-34

Abstract: Based on a first-hand account, this paper offers evidence on corrupt price setting and price adjustment mechanisms that were illegally employed under the Soviet planning and rationing regime in the USSR. The evidence is anecdotal, and is based on personal experience during the years 1960–1971 in the Republic of Georgia.

Keywords: Corruption; Black Market; Bribe; Price System; Distorted Relative Prices; USSR; Command Economy (search for similar items in EconPapers)
JEL-codes: B14 D30 D73 E64 H26 H40 K42 O17 P20 P26 Z13 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:206546

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