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Privatisation in transition from central planning to a market economy in Czecho-Slovakia

✍ Scribed by Brigita Schmögnerova


Publisher
Springer
Year
1991
Weight
588 KB
Volume
1
Category
Article
ISSN
1120-7388

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In recent discussion of the transition from a planned to a market economy it has been suggested that the queuing costs associated with excess demand represent a deadweight welfare loss. A simple model of the planned economy is developed and used to explain why the planners might choose to permit som