Disorganization
Disorganization
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混乱
DOI:
10.2139/ssrn.8755
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发表时间:
1997
期刊:
影响因子:
--
通讯作者:
M. Kremer
中科院分区:
文献类型:
--
作者:
O. Blanchard;M. Kremer
Under central planning, many firms relied on a single supplier for critical inputs. Transition has led to decentralized bargaining between suppliers and buyers. Under incomplete contracts or asymmetric information, bargaining may inefficiently break down, and if chains of production link many specialized producers, output will decline sharply. Mechanisms that mitigate these problems in the West, such as reputation, can only play a limited role in transition. The empirical evidence suggests that outputs has fallen farthest for the goods with the most complex production process, and that disorganization has been more important in the former Soviet Union than in the Central Europe.