Quality, experience, and monopoly: the Soviet market for weapons under Stalin
UNSPECIFIED. (2006) Quality, experience, and monopoly: the Soviet market for weapons under Stalin. ECONOMIC HISTORY REVIEW, 59 (1). pp. 113-142. ISSN 0013-0117Full text not available from this repository.
Official URL: http://dx.doi.org/10.1111/j.1468-0289.00334.x
Monopoly is a particular problem in markets where experience goods are traded, since the consumer cannot respond to bad experiences by switching repeat purchases to another supplier. New evidence shows how the defence ministry as buyer in the Soviet market for military goods responded to this problem by investing in an evaluation of quality prior to purchase, by showing reluctance to buy, and by exploiting the available non-market means to influence the defence industry as supplier. The effectiveness of these stratagems was limited by the defence industry's counteractions and because the buyer had no choice but to come to a compromise with the supplier.
|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:||ECONOMIC HISTORY REVIEW|
|Number of Pages:||30|
|Page Range:||pp. 113-142|
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