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Disorganization

Under central planning, many firms relied on a single supplier for many of their inputs. Transition has led to decentralizaed bargaining between suppliers and buyers. Under incomplete contracts or asymmetric information, such bargaining can be inefficient, and the mechanisms that mitigate this problem in the West an only play a limited role in transition.

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Paper provided by Massachusetts Institute of Technology (MIT), Department of Economics in its series Working papers with number 96-30.

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Length: 36 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:mit:worpap:96-30
Contact details of provider: Postal: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA
Phone: (617) 253-3361
Fax: (617) 253-1330
Web page: http://econ-www.mit.edu/

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  1. Micael Castanheira, 2003. "Public finance and the optimal speed of transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 435-462, 09.
  2. Saul Estrin, 2003. "Measuring the Impact of Russian Privatisation at the Turn of the Century: An Introduction to the Symposium," Comparative Economic Studies, Palgrave Macmillan, vol. 45(2), pages 109-116, June.
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  29. Oleg Badunenko & Daniel J. Henderson & Valentin Zelenyuk, 2008. "Technological Change and Transition: Relative Contributions to Worldwide Growth During the 1990s," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(4), pages 461-492, 08.
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  33. Michael Ellman, 2005. "Transition: Intended and Unintended Processes," Comparative Economic Studies, Palgrave Macmillan, vol. 47(4), pages 595-614, December.
  34. Bat Batjargal, 2007. "Comparative Social Capital: Networks of Entrepreneurs and Venture Capitalists in China and Russia," Management and Organization Review, The International Association for Chinese Management Research, vol. 3(3), pages 397-419, November.
  35. Bat Batjargal, 2007. "Network triads: transitivity, referral and venture capital decisions in China and Russia," Journal of International Business Studies, Palgrave Macmillan, vol. 38(6), pages 998-1012, November.
  36. Saul Estrin, 2002. "Competition and Corporate Governance in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 101-124, Winter.
  37. Pavlo Demchuk & Valentin Zelenyuk, 2009. "Testing differences in efficiency of regions within a country: the case of Ukraine," Journal of Productivity Analysis, Springer, vol. 32(2), pages 81-102, October.
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