Complementarities in the Transition from Socialism: A Firm-Level Analysis

Susan Gates, Paul Milgrom and John Roberts

No 294838, Institute for Policy Reform Working Paper Series from Institute for Policy Reform

Abstract: Privatization of firms, price rationalization, free trade and competition policy are all important components of economic reform in former planned economies. We examine the conditions under which these are complementary instruments for improving performance at the level of the firm, so that the benefits from the whole reform package exceed the sum of the benefits of the individual reforms. We also study' how the speed of implementation affect intertemporal resource allocation incentives

Keywords: Industrial Organization; Institutional and Behavioral Economics (search for similar items in EconPapers)
Pages: 37
Date: 1994-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iprwps:294838

DOI: 10.22004/ag.econ.294838

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