Abstract
Most empirical work dealing with socialist economies appears to be oriented towards macroeconomic problems or at least to the study of highly aggregated time series. Examples are provided by Howard (1976), Lacko (1975), Podkaminer (1982), Portes and Winter (1980), Portes et al. (1983,1984a, b, 1985), Welfe (1983), and Charemza and Gronicki (1988). Only relatively infrequently has a particular market been the target of detailed empirical investigation; a case in point is the study of the Hungarian car market by Kapitany, Kornai and Szabo (1984 and Chapter 15 of this volume).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References and Further Reading
Balicki, W. (1983) Theory of disequilibrium in centrally-planned economies. Jahrbuch der Wirtschaft Osteuropas, 10, 9–39.
Bernanke, B. S. (1984) Permanent income, liquidity, and expenditure on automobiles: evidence from panel data. Quarterly Journal of Economics, 99, 587–614.
Charemza, W. and Gronicki M., (1988) Plans and Disequilibria in Centrally Planned Economies, North-Holland, Amsterdam (to be published).
Chow, G. C. (1957) Demand for Automobiles in the United States, North-Holland, Amsterdam.
Dreze, J. H. (1975) Existence of an exchange equilibrium under price rigidities. International Economic Review, 16, 301–20.
Hartley, M. (1977) On the calculation of the maximum likelihood estimator for a model of markets in disequilibrium, Discussion Paper No. 409. Economic Research Group, SUNY Buffalo.
Howard, D. H. (1976) The disequilibrium model in a controlled economy: an empirical test of the Barro-Grossman model. American Economic Review, 66, 871–9.
Kapitany, Zs., Kornai. J. and Szabo, J. (1984) Reproduction of shortage on the Hungarian car market. Soviet Studies, 36, 236–56.
Katz, B. G. and Owen, J. (1984) Disequilibrium theory, waiting costs, and saving behavior in centrally planned economies: a queueing-theoretic approach. Journal of Comparative Economics, 8, 301–21
Katz, B. G. and Owen, J. (1985) Rationing by waiting lists: comment, New York University, Graduate School of Business.
Kornai, J. and Weibull, J. W. (1978) The normal state of the market in a shortage economy: a queue model. Scandinavian Journal of Economics, 80, 375–98.
Kornai, J. (1980) Economics of Shortage, North-Holland, Amsterdam.
Krasinski, Z., Garczarczyk, J. Kwissa, B. et al. (1980) Rynek Motoryzacyjny w Polsce (Market for Cars and Their Services in Poland), WKil, Warsaw.
Lacko, M. (1975) Consumer savings and the supply situation. Acta Oeconomica, 15, 365–84.
Lindsay, C. M. and Feigenbaum, B. (1984) Rationing by waiting lists. American Economic Review, 74, 404–17.
Mojkowski, J. (1984) Dollar musi parzyc. Polityka-Export-Import, No. 9, September.
Montias, J. M. (1982) Poland: roots of the economic crisis. The ACES Bulletin, 24, 1–19.
Phillips, D. T., Ravindrau, A. and Solberg, J. J. (1976) Operations Research: Principles and Practice, Wiley, New York.
Pickersgill, J. (1980) Repressed inflation and price controls in the Soviet household sector, Research Conference on the Second Economy of the USSR, Kennan Institute for Advanced Russian Studies, Washington, DC.
Podkaminer, L. (1982) Estimates of the disequilibrium in Poland’s consumer markets 1965–1978. Review of Economics and Statistics, 64, 423–32.
Portes, R., Quandt, R. E., Winter, D. and Yeo, S. (1983) Macroeconomic planning and disequilibrium: estimates for Poland 1955–1980, Discussion Paper No. 139, Birkbeck College, London.
Portes, R. Quandt, R. E., Winter, D. and Yeo S. (1984a) Planning the consumption goods market: preliminary estimates for Poland 1955–1980, in Contemporary Macroeconomic Modelling (eds P. Malgrange and R. A. Muet), Blackwell, Oxford.
Portes, R., Quandt, R. E., Winter, D. and Yeo, S. (1984b) Sur la taille des erreurs de plantification. Annales de l’INSEE, 55/56, 245–54.
Portes, R., Quandt, R. E. and Yeo, S. (1985) Tests of the all-excess-demand hypothesis, Financial Research Center, Research Memo No. 59, Princeton University.
Portes, R. and Winter, D. (1980) Disequilibrium estimates for consumption goods markets in centrally planned economies. Review of Economic Studies, 47, 137–59.
Quandt, R. E. (1985) On the identifiability of structural parameters in all-excess-demand disequilibrium models, Financial Research Center, Research Memo No. 56, Princeton University.
Simon, C. (1982) L’economie polonaise en mouvement: reformes, inflation et recherches de l’equilibrie. Revue d’Etudes Comparatiues Est-Ouest, 13, 35–78.
Starzec, K. (1983) L’economie polonaise vue a travers des circuit paralleles (mimeo), Paris.
Vanous, J. (1980) Private foreign exchange markets in Eastern Europe and the USSR, Discussion Paper No. 80-20, Department of Economics, University of British Columbia, Vancouver.
Welfe, W. (1983) An aggregate econometric model of consumer goods markets in disequilibrium WA-1, Paper presented at the Economic Society Meetings, Pisa, 28 August–3 September.
Winiecki, J. (1982) Investment cycles and an excess demand inflation in planned economies: sources and processes. Acta Oeconomica, 28, 147–60.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1989 Chapman and Hall Ltd
About this chapter
Cite this chapter
Charemza, W., Gronicki, M., Quandt, R.E. (1989). Modelling parallel markets in centrally planned economies: the case of the automobile market in Poland. In: Davis, C., Charemza, W. (eds) Models of Disequilibrium and Shortage in Centrally Planned Economies. International Studies in Economic Modelling. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0823-9_16
Download citation
DOI: https://doi.org/10.1007/978-94-009-0823-9_16
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-6856-7
Online ISBN: 978-94-009-0823-9
eBook Packages: Springer Book Archive