Title

Empirical tests of impacts of rationing: the case of Poland in transition

Campus Units

Economics, Center for Agricultural and Rural Development

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

3-2004

Journal or Book Title

Economic Systems

Volume

28

Issue

1

First Page or Article ID Number

79

Last Page

99

DOI

10.1016/j.ecosys.2003.12.001

Abstract

This study tests hypothesis derived from the theory of rationing using data for Polish households during the transition. The demand system consists of six commodity groups, and virtual prices are derived for the rationed goods. The empirical results are consistent with the theory: larger own-price elasticities for non-rationed goods after the reform, increased complementarity and decreased substitutability. The results also show that ignoring rationing overstates the welfare decrease during transition.

JEL Classification

D12, O12

Comments

This is a working paper of an article from Economic Systems 28 (2004): 79, doi: 10.1016/j.ecosys.2003.12.001.