Demand-Performance-Supply Equilibria in Centrally Planned Economies: a Three-Level Approach

M.J.I. Gaudry and J.S. Kowalski

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: We Adapt and Develop for the Analysis of Centrally Planned Economies a Conceptual Framework Originally Designed for the Analysis of Transportation Systems. This Framework Adds an Explicit Performance Level Between the Demand and Supply Levels of Analysis. This Three-Level Approach, Formulated Very Generally Here to Distinguish It From Particular Formulations and Allow Them As Nested Special Cases, Makes Possible the Definition of Multiple Equlibria Defined on Quantities, Prices and Service Levels. the Specifics of How Queues (And Black and Shadow Markets) Can Yield an Extended Equilibrium Are Outlined and the Implications of the Three-Level Approach for Econometric Model Estimation Alluded To. We Contrast Our Approach Mainly to That of Kornai.

Keywords: Centralization; Planned Economy; Economic Equilibrium (search for similar items in EconPapers)
Pages: 19P pages
Date: 1986
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:8620

Access Statistics for this paper

More papers in Cahiers de recherche from Universite de Montreal, Departement de sciences economiques Contact information at EDIRC.
Bibliographic data for series maintained by Sharon BREWER ().