Prices, planners, and producers: an agency problem in Soviet industry, 1928-1950
UNSPECIFIED. (1998) Prices, planners, and producers: an agency problem in Soviet industry, 1928-1950. JOURNAL OF ECONOMIC HISTORY, 58 (4). pp. 1032-1062. ISSN 0022-0507Full text not available from this repository.
Soviet planners developed the "unchanged prices of 1926/27" to facilitate the solution of an agency problem-the regulation of self-interested producers as they worked to fulfill plans for heterogeneous products denominated in rubles. The system limited but did not eliminate producers' opportunistic behavior, which took the form of inflating the plan prices of new products. Through the 1930s and 1940s the ''unchanged" prices proved resistant to reform, and following their abolition in 1950 the system was soon afterwards reinstated with a new base year. The history of the "unchanged" prices illustrates the limits of command.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions
D History General and Old World
H Social Sciences
|Journal or Publication Title:||JOURNAL OF ECONOMIC HISTORY|
|Publisher:||CAMBRIDGE UNIV PRESS|
|Official Date:||December 1998|
|Number of Pages:||31|
|Page Range:||pp. 1032-1062|
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