A Model of Russia's "Virtual Economy"
dc.contributor.author | Ericson, Richard E. | en_US |
dc.contributor.author | Ickes, Barry W. | en_US |
dc.date.accessioned | 2006-08-01T16:38:52Z | |
dc.date.available | 2006-08-01T16:38:52Z | |
dc.date.issued | 2000-05-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2000-317 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39701 | en_US |
dc.description.abstract | The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from the productive activities to the loss-making sectors of the economy. We show how this transfer takes place, and how it can be consistent with the incentives of economic agents. We analyze a simple partial-equilibrium model of the virtual economy, and show how it might prove an obstacle to industrial restructuring and hence marketizing transition. | en_US |
dc.format.extent | 76009 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 356667 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 317 | en_US |
dc.title | A Model of Russia's "Virtual Economy" | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39701/3/wp317.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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