Empirical Tests of Impacts of Rationing: The Case of Poland in Transition
This study tests hypothesis derived from the theory of rationing using data for Polish households during the transition. The demand system consists of six commodity groups, and virtual prices are derived for the rationed goods. The empirical results are consistent with the theory: larger own-price elasticities for non-rationed goods after the reform, increased complementarity and decreased substitutability. The results also show that households did not suffer declines in welfare that were as large as officially reported.
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|Date of creation:||01 Mar 2004|
|Date of revision:|
|Publication status:||Published in Economic Systems, March 2004, vol. 28 no. 1, pp. 79-99|
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"The Theory of Household Behaviour under Rationing,"
The Warwick Economics Research Paper Series (TWERPS)
132, University of Warwick, Department of Economics.
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"Household commodity demand and demographics in the Netherlands: A microeconometric analysis,"
Journal of Population Economics,
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"The Demand for Food and Calories,"
Journal of Political Economy,
University of Chicago Press, vol. 104(1), pages 133-62, February.
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"Impacts of Economic Reform in Poland: Incidence and Welfare Changes Within a Consistent Framework,"
The Review of Economics and Statistics,
MIT Press, vol. 86(2), pages 626-636, May.
- Huffman, Sonya K. & Johnson, Stanley R., 2004. "Impacts of Economic Reform in Poland: Incidence and Welfare Changes Within a Consistent Framework," Staff General Research Papers 11158, Iowa State University, Department of Economics.
- Antoni Chawluk & Rod Cross, 1994. "The real balance effects of price liberalization in Poland 1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(4), pages 487-499, December.
- Podkaminer, Leon, 1988. "Disequilibrium in Poland's consumer markets: Further evidence on intermarket spillovers," Journal of Comparative Economics, Elsevier, vol. 12(1), pages 43-60, March.
- Wang, Zhi & Chern, Wen S., 1992. "Effects of rationing on the consumption behavior of Chinese urban households during 1981-1987," Journal of Comparative Economics, Elsevier, vol. 16(1), pages 1-26, March.
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- James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
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- Kim, Byung-Yeon, 1999. "The Income, Savings, and Monetary Overhang of Soviet Households," Journal of Comparative Economics, Elsevier, vol. 27(4), pages 644-668, December.
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