Journal ArticleDOI
Some Costs and Benefits of Markets: An Empirical Study
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In this paper, the authors discuss the role of personnel serving the market function and the expenditure of shopping time in the provision of services to the public market, and some broader issues.Abstract:
I. Introduction, 81.—II. Bureaucratization, 82.—III. Personnel serving the market function, 86.—IV. Expenditure of shopping time, 91.—V. Some broader issues, 98.—VI. Summary, 100.—Statistical notes, 100.read more
Citations
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Journal ArticleDOI
Disequilibrium Estimates for Consumption Goods Markets in Centrally Planned Economies
Richard Portes,David Winter +1 more
TL;DR: In this paper, the authors present a hypothesis about macroeconomic relationships in CPEs drawn originally from unsystematic observation, which they are now able to test systematically against aggregate time-series data.
Book ChapterDOI
The theory and measurement of macroeconomic disequilibrium in centrally planned economies
TL;DR: In this article, the authors evaluate the evidence for repressed inflation in the consumption goods markets of the "classical" Soviet-type economies of Eastern Europe and propose a more elaborate and general macroeconomics for the CPEs.
Journal ArticleDOI
Repressed inflation, queuing and the resale of goods in a centrally planned economy
TL;DR: In this article, the Barro-Grossman repressed inflation model is reformulated incorporating the goods rationing scheme widely observed in centrally planned economies, the informal queue, which enables inclusion of another feature found in practice, the private resale of goods.
Journal ArticleDOI
Queuing and the price level under repressed inflation
TL;DR: In this article, a simple queuing mechanism is incorporated into a model of repressed inflation to reflect the experience of Soviet-type economies, and comparative statics are examined, with particular attention to the effects of a higher money price level.