DSpace/Manakin Repository


Citable link to this page


Title: Disorganization
Author: Blanchard, Olivier; Kremer, Michael R.

Note: Order does not necessarily reflect citation order of authors.

Citation: Blanchard, Olivier, and Michael R. Kremer. 1997. Disorganization. Quarterly Journal of Economics 112(4): 1091-1126.
Full Text & Related Files:
Abstract: 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 output 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 Central Europe.
Published Version: http://dx.doi.org/10.1162/003355300555439
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:3659691
Downloads of this work:

Show full Dublin Core record

This item appears in the following Collection(s)


Search DASH

Advanced Search