IDEAS home Printed from https://ideas.repec.org/a/pal/compes/v35y1993i2p1-17.html
   My bibliography  Save this article

A Macro Model of Queuing and Resale in a Transition Economy

Author

Listed:
  • John Fender

    (University of Birmingham)

  • Derek Laing

    (University of Essex and the Pennsylvania State University)

Abstract

This paper constructs a two-period macroeconomic model to analyze the implications of anticipated market reforms for the economic performance of a centrally planned economy (CPE). In the first period an excess demand for goods develops at prices set by central planners, forcing consumers either to queue to obtain goods from state retailers or to purchase goods on the black market. In the second period a competitive market economy prevails. The model is used to study issues such as the role of foreign aid and the likely impact of domestic monetary and fiscal reforms.

Suggested Citation

  • John Fender & Derek Laing, 1993. "A Macro Model of Queuing and Resale in a Transition Economy," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 35(2), pages 1-17, July.
    • Handle: RePEc:pal:compes:v:35:y:1993:i:2:p:1-17
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/ces/journal/v35/n2/pdf/ces19938a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/ces/journal/v35/n2/full/ces19938a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Debra Patterson, 1999. "An open-economy transition model," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(1), pages 24-36, February.
    2. von Furstenberg, George M & Spangenberg, Nicholas O, 1996. "The Political Temptations of Rationing by Insiders," Public Choice, Springer, vol. 88(1-2), pages 69-81, July.

    More about this item

    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:pal:compes:v:35:y:1993:i:2:p:1-17. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.