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Price Adjustment under the Table

Author

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  • Levy, Daniel

Abstract

Based on a first-hand account, this paper offers evidence on corrupt price setting and price adjustment mechanisms that were illegally employed under the Soviet planning and rationing regime in the USSR. The evidence is anecdotal, and is based on personal experience during the years 1960–1971 in the Republic of Georgia.

Suggested Citation

  • Levy, Daniel, 2009. "Price Adjustment under the Table," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 17-34.
    • Handle: RePEc:zbw:espost:206546
    as

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    File URL: https://www.econstor.eu/bitstream/10419/206546/1/Price-Adjustment-Levy-Handbook-of-Frauds-Chapter.pdf
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    References listed on IDEAS

    as
    1. Hillman, Arye L. & Schnytzer, Adi, 1986. "Illegal economic activities and purges in a Soviet-type economy: A rent-seeking perspective," International Review of Law and Economics, Elsevier, vol. 6(1), pages 87-99, June.
    2. Jens Ludwig & Jeffrey R. Kling, 2007. "Is Crime Contagious?," Journal of Law and Economics, University of Chicago Press, vol. 50(3), pages 491-518.
    3. Levin, Mark & Satarov, Georgy, 2000. "Corruption and institutions in Russia," European Journal of Political Economy, Elsevier, vol. 16(1), pages 113-132, March.
    4. Bergson, Abram, 1984. "Income Inequality under Soviet Socialism," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1052-1099, September.
    5. Marjit, Sugata & Mukherjee, Vivekananda & Mukherjee, Arijit, 2000. "Harassment, corruption and tax policy," European Journal of Political Economy, Elsevier, vol. 16(1), pages 75-94, March.
    6. repec:pri:indrel:dsp010p096690c is not listed on IDEAS
    7. Toke S. Aidt, 2003. "Economic analysis of corruption: a survey," Economic Journal, Royal Economic Society, vol. 113(491), pages 632-652, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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    as


    Cited by:

    1. Toke S. Aidt, 2009. "Corruption, institutions, and economic development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(2), pages 271-291, Summer.

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    More about this item

    Keywords

    Corruption; Black Market; Bribe; Price System; Distorted Relative Prices; USSR; Command Economy;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • D30 - Microeconomics - - Distribution - - - General
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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