If the food doesn't come-vertical coordination problems in the CIS food system: Some perils of privatization
✍ Scribed by Dr. James D. Gaisford; Jill E. Hobbs; William A. Kerr
- Publisher
- John Wiley and Sons
- Year
- 1995
- Tongue
- English
- Weight
- 627 KB
- Volume
- 11
- Category
- Article
- ISSN
- 0742-4477
No coin nor oath required. For personal study only.
✦ Synopsis
Bilateral monopoly situations where few sellers confront few buyers are an important legacy of the command system in the countries of the Commonwealth of Independent States. Both suppliers and buyers typically attempt to manipulate prices by distorting the market. The resulting quantity reductions at each stage of food production, processing, and distribution are causing severe ongoing market imficiencies and may lead to catastrophic short-term disruptions in localized markets. Consequently, reform eforts should be redirected toward the development of both a business communications infastructure that will foster competition, and a legal apparatus that will be capable of enforcing eficient contracts. 01995 by