Prices, Planners, and Producers: an Agency Problem in Soviet Industry, 1928–1950

B-Tier
Journal: Journal of Economic History
Year: 1998
Volume: 58
Issue: 4
Pages: 1032-1062

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Soviet planners developed the “unchanged prices of 1926/27” to facilitate the solution of an agency problem—the regulation of self-interested producers as they worked to fulfill plans for heterogeneous products denominated in rubles. The system limited but did not eliminate producers' opportunistic behavior, which took the form of inflating the plan prices of new products. Through the 1930s and 1940s the “unchanged” prices proved resistant to reform, and following their abolition in 1950 the system was soon afterwards reinstated with a new base year. The history of the “unchanged” prices illustrates the limits of command.

Technical Details

RePEc Handle
repec:cup:jechis:v:58:y:1998:i:04:p:1032-1062_02
Journal Field
Economic History
Author Count
1
Added to Database
2026-01-25