Shortages Under Free Prices : The Case of Ukraine in 1992

The Case of Ukraine in 1992

Shortages Under Free Prices : The Case of Ukraine in 1992
This paper examines the coexistence of free prices and shortages for a range of consumer goods in Ukraine during 1992. Enterprises making consumer goods were substantially free to set market-clearing prices. Yet, Ukraine's official consumer market experienced continued shortages, while the same goods traded at higher prices in parallel markets.... READ MORE...

Publication date: January 1994
ISBN 9781451926606
$15.00

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