INSEAD Library

Includes bibliographical references

Digitized

Planning, Shortage, and Transformation Contents Preface Contributors A Short Biography of Janos Kornai Introduction: Some Notes on Assessments about Economic Systems Edmond Malinvaud I MARKETS AND ORGANIZATIONS 1 Monopoly under Labor Management Abram Bergson 2 Walras-Keynes Equilibria Coordination and Macroeconomics Jacques H. Drèze 3 Viable Domains in the Control Space Bela Martos 4 5 Coordinating Activities under Alternative Organizational Forms Yingyi Qian, Gerard Roland, and Chenggang Xu Democracy, Egalitarian Redistributions, and the Level of Public Bads John E. Roemer 6 Parable and Realism in Overlapping Cohorts Models Andras Simonovits 7 Internal Efficiency and External Conditions Jörgen W. Weibull 8 On Buyers' and Sellers' Markets under Capitalism and Socialism Martin Weitzman H THEORY OF TRANSITION 9 Soft Budget Constraints and Transition Mathias Dewatripont, Eric Maskin, and Gerard Roland 10 Restructuring an Industry during Transition: A Two-Period Model Richard E. Ericson 11 Shortage and the Soft Budget Constraint: New Interpretations Paul Hare vii xiii xv 1 15 17 25 47 57 81 95 109 127 141 143 157 189 12 The Kornai Effect Revisited Richard E. Quandt III THE TRANSNATIONAL EXPERIENCE 13 Determinants of Productivity in Central Europe during Economic Transition Sharad Bhandari and David M. Kemme 14 The Evolutionary Path away from Socialism: The Chinese Experience Bernard Chavance 15 Perestroika Economics from the Inside Michael Ellman 16 The Internal versus Occupational Labor Market--A Neglected Dimension of Hungary's Postsocialist Transformation István R. Gábor 17 Transformation before the Transition: Employment and Wage Setting in Hungarian Firms, 1986-1989 János Köllo 18 How Does the Transitional State Behave? Evidence from Retained State Ownership in Mongolian Privatization Georges Korsun and Peter Murrell 19 Do Power Consumption Data Tell the Story? Electricity Intensity and Hidden Economy in Postsocialist Countries Mária Lackó 20 Transition to the Market in Asia: The Case of Vietnam Marie Lavigne 21 The Debate on Understanding China's Economic Performance Jeffrey D. Sachs and Wing Thye Woo 22 Stability and Growth: Commentary on a Commentary Robert Solow 23 The Surprising Success of Gradual Price Liberalization in Hungary Wim Swaan The Publications of János Kornai 209 231 233 249 269 283 307 327 345 367 385 407 413 435