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Disorganization

Author

Listed:
  • Blanchard, O
  • Kremer, M
Abstract
Under central planning, many firms relied on a single supplier for many of their inputs. Transition has led to decentralizaed bargaining between suppliers and buyers. Under incomplete contracts or asymmetric information, such bargaining can be inefficient, and the mechanisms that mitigate this problem in the West an only play a limited role in transition.

Suggested Citation

  • Blanchard, O & Kremer, M, 1996. "Disorganization," Working papers 96-30, Massachusetts Institute of Technology (MIT), Department of Economics.
    • Handle: RePEc:mit:worpap:96-30
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    References listed on IDEAS

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    More about this item

    Keywords

    BUSINESS ORGANIZATION;

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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