IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v19y1993i3p379-393.html
   My bibliography  Save this article

Application of Market Anti-inflation Plans in the Transition to a Market Economy

Author

Listed:
  • Kenneth J. Koford

    (University of Delaware
    Bard College)

  • Jeffrey B. Miller

    (University of Delaware)

  • David C. Colander

    (Middlebury College)

Abstract

How can the former socialist countries' transition to a market economy be made less painful and more effective? We propose the use of incentive policies to stabilize prices and output. This would reduce former planned economies' tendency for output to fall and prices to rise as firms and workers take advantage of their market power. The policy allows firms individual pricing freedom while giving assurance that the price level will be stable. It also can break the vicious circle of reduced aggregate output by setting fixed level of output.

Suggested Citation

  • Kenneth J. Koford & Jeffrey B. Miller & David C. Colander, 1993. "Application of Market Anti-inflation Plans in the Transition to a Market Economy," Eastern Economic Journal, Eastern Economic Association, vol. 19(3), pages 379-393, Summer.
  • Handle: RePEc:eej:eeconj:v:19:y:1993:i:3:p:379-393
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume19/V19N3P379_393.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Campbell,Donald E., 1987. "Resource Allocation Mechanisms," Cambridge Books, Cambridge University Press, number 9780521319904, May.
    2. Lerner, Abba & Colander, David, 1982. "Anti-Inflation Incentives," Kyklos, Wiley Blackwell, vol. 35(1), pages 39-52.
    3. Granick,David, 1987. "Job Rights in the Soviet Union," Cambridge Books, Cambridge University Press, number 9780521332958, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tihomir Enev & Kenneth Koford, 2000. "The Effect of Incomes Policies on Inflation in Bulgaria and Poland," Economic Change and Restructuring, Springer, vol. 33(3), pages 141-169, October.

    More about this item

    Keywords

    Socialists;

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:19:y:1993:i:3:p:379-393. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross). General contact details of provider: http://edirc.repec.org/data/eeaa1ea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.