HOMO ECONOMICUS IN THE SHORTAGE ECONOMY

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00101518" target="_blank" >RIV/00216224:14560/18:00101518 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.2478/danb-2018-0013" target="_blank" >http://dx.doi.org/10.2478/danb-2018-0013</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/danb-2018-0013" target="_blank" >10.2478/danb-2018-0013</a>

Result language

angličtina

Original language name

HOMO ECONOMICUS IN THE SHORTAGE ECONOMY

Original language description

Rational agents react to incentives in the market economy as well as in the centrally planned economy. Economic laws are persistent regardless of the economic system. The legislative system changes the outcome of the game between economic agents and managers. The aim of this paper is to show how rational agents reacted to legislative incentives in the Soviet-type economy in Czechoslovakia in the 1970s and 1980s, that is, how they reacted to the general shortage in the centrally planned economy. Based on the original survey among former managers as well as on the legislative sources from the 1970s and 1980s, a taxonomy was made of economic reactions to the shortage economy. This survey was possibly the last chance to map the experiences of socialist managers who tried to run companies in the centrally planned economy. We distinguish plan manipulation in order to ensure payment bonuses; bribery in order to obtain short-supplied inputs and the creation of reserves for the purpose of fulfilling the plan. It was shown that, if the rational agent wanted to obey the higher law, he was forced to ignore lower legislation.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50200 - Economics and Business

Project

<a href="/en/project/GA15-09404S" target="_blank" >GA15-09404S: Real functioning of the centrally planned economy in Czechoslovakia</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

DANUBE: Law and Economics Review

ISSN

1804-6746

e-ISSN

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Volume of the periodical

9

Issue of the periodical within the volume

4

Country of publishing house

DE - GERMANY

Number of pages

20

Pages from-to

207-226

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85061695459