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Restructuring an Industry During Transition: A Two-Period Model

Ericson, Richard E.

This paper develops the two-period model of enterprise shutdown during transition that was introduced in Ericson (1994). Its purpose is to provide a formal basis for the study of what Kornai (1994) has called the "transformation of the real structure of the economy" during the transition process. It focuses at the industry level of restructuring, taking a normative, industrial policy, perspective.

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Academic Units
Economics
Publisher
Department of Economics, Columbia University
Series
Department of Economics Discussion Papers, 9697-03
Published Here
March 3, 2011

Notes

September 1996