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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. 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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  28. Vladimir Popov, 2007. "Shock Therapy versus Gradualism Reconsidered: Lessons from Transition Economies after 15 Years of Reforms1," Comparative Economic Studies, Palgrave Macmillan, vol. 49(1), pages 1-31, March.
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  30. Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
  31. Jiahua Che, 2009. "A Dynamic Model of Privatization with Endogenous Post-Privatization Performance," Review of Economic Studies, Oxford University Press, vol. 76(2), pages 563-596.
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  33. 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.
  34. Saul Estrin, 2002. "Competition and Corporate Governance in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 101-124, Winter.
  35. Alan A Bevan & Julian Fennema, 2003. "Finance, Restructuring and Performance in Privatised Russian Enterprises," Comparative Economic Studies, Palgrave Macmillan, vol. 45(2), pages 117-147, June.
  36. Natalia Merkina, 2009. "Technological catch-up or resource rents?," International Economics and Economic Policy, Springer, vol. 6(1), pages 59-82, June.
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