Add to ORKGThe costs of shortages and rationing are not captured by standard consumer price indices. Thus the change in real gross domestic product (GDP) per capita is an overestimate of welfare losses in transition economies. In this study the authors use virtual prices to calculate new cost-of-living indices, making it possible to construct more accurate pre- and post-reform welfare comparisons. The results for Poland using virtual prices show a 62 to 84 percent decline in welfare over the transition period of 1987 to 1992. This welfare loss is approximately one-third the value obtained using actual prices
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
Poland was the first country in Eastern Europe to re-establish a market economy. The new government ...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chang...
The costs of shortages and rationing are not captured by standard consumer price indices. Thus the c...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
The costs of shortages and rationing are not captured by standard consumer price indices. Thus the c...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chang...
The costs of shortages and rationing are not captured by standard consumer price indices. Thus the ...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chang...
This study tests the theory of rationing, examining changes in household consumption behavior during...
This study tests hypothesis derived from the theory of rationing using data for Polish households du...
Poland was the first country in Eastern Europe to re-establish a market economy. The new government ...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chan...
Abstract—The costs of shortages and rationing are not captured by standard consumer price indices. T...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
Poland was the first country in Eastern Europe to re-establish a market economy. The new government ...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chang...
The costs of shortages and rationing are not captured by standard consumer price indices. Thus the c...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
The costs of shortages and rationing are not captured by standard consumer price indices. Thus the c...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chang...
The costs of shortages and rationing are not captured by standard consumer price indices. Thus the ...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chang...
This study tests the theory of rationing, examining changes in household consumption behavior during...
This study tests hypothesis derived from the theory of rationing using data for Polish households du...
Poland was the first country in Eastern Europe to re-establish a market economy. The new government ...
The costs of shortages/rationing are not captured by standard consumer price indices. Thus the chan...
Abstract—The costs of shortages and rationing are not captured by standard consumer price indices. T...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
The costs of shortages and rationing are not captured by standard consumer price indices. In this st...
Poland was the first country in Eastern Europe to re-establish a market economy. The new government ...