Relative price shifts, economies of scale and poverty during economic transition
Economic transition is associated with significant shifts in relative prices between private and public goods. If, as a result, public goods claim a larger share of total expenditures, economies of scale in consumption increase. We show how relative price changes might alter the welfare of different...
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Veröffentlicht in: | The economics of transition 2004, Vol.12 (3), p.509-536 |
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Format: | Artikel |
Sprache: | eng |
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