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


  • Kenneth J. Koford

    (University of Delaware
    Bard College)

  • Jeffrey B. Miller

    (University of Delaware)

  • David C. Colander

    (Middlebury College)


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

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    References listed on IDEAS

    1. Campbell,Donald E., 1987. "Resource Allocation Mechanisms," Cambridge Books, Cambridge University Press, number 9780521319904, April.
    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, April.
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    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.

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    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


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