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- W1965678654 abstract "Abstract In a simple model with one producer, one consumer and a central planner, this paper uses the characteristics framework of Lancaster to examine decisions concerning product quality in a Soviet-type economy. It is argued that product quality will always be sub-optimal for the consumer, regardless of his preferences, if the producer's decision of the ‘quantity-mix’ is based on a certain class of output-related bonus functions." @default.
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- W1965678654 date "1988-01-01" @default.
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- W1965678654 title "Product quality in a Soviet-type economy" @default.
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- W1965678654 doi "https://doi.org/10.1016/0014-2921(88)90038-4" @default.
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