Sundakov, Alexander; Ossowski, Rolando; Lane, Timothy D. - In: IMF Staff Papers 41 (1994) 3, pp. 411-434
This paper examines whether shortages may occur in an economy in transition, even for goods whose prices are free. The empirical relevance of this phenomenon is suggested by a case study of Ukraine during 1992. The paper presents a model of enterprise behavior in an environment where key inputs...