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Mathematical Modelling in Economics pp 632–649Cite as

A Problem of the Transition from a Planned to a Market Economy: Should Firms Be Subsidized in Order to Avoid Their Bankrupcy?

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Abstract

It will be shown that in the process of transition from a planned to a market economy subsidies for firms which otherwise would go bankrupt may be socially optimal if they remain below a certain level.

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References

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Author information

Authors and Affiliations

  1. Am Domblick 15, D-5300, Bonn 2, Germany

    Wilhelm Krelle

Authors
  1. Wilhelm Krelle
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Editors and Affiliations

  1. Department of Economics, University of British Columbia, #997-1873 East Mall, V6T 1W5, Vancouver, B.C., Canada

    W. Erwin Diewert

  2. University of Hong Kong, K.K. Leung Building, Hong Kong

    Klaus Spremann

  3. Department of Economics, University of Ulm, Helmholtzstraße 18, D-89069, Ulm/Donau, Germany

    Frank Stehling

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© 1993 Springer-Verlag Berlin · Heidelberg

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Krelle, W. (1993). A Problem of the Transition from a Planned to a Market Economy: Should Firms Be Subsidized in Order to Avoid Their Bankrupcy?. In: Diewert, W.E., Spremann, K., Stehling, F. (eds) Mathematical Modelling in Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78508-5_61

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  • DOI: https://doi.org/10.1007/978-3-642-78508-5_61

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-78510-8

  • Online ISBN: 978-3-642-78508-5

  • eBook Packages: Springer Book Archive

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