countertrade transactions: rationales, structure, outcomes

Caves, Richard E. and Marin, Dalia (January 1991) countertrade transactions: rationales, structure, outcomes. Former Series > Forschungsberichte / Research Memoranda 277


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abstract: countertrade transactions may cover 20 percent of international trade yet are little researched. testing several coherent models on 230 transactions (mainly east-west), we find: (1) strong evidence that they effect price discrimination forwestern exporters; (2) no support for a model resting on sticky disequilibrium prices; (3) limited support for a model of efficient revelation of unestablished qualities of countertraded goods; (4) evidence of bargaining power's effect on outcomes in the bargaining range; and (5) evidence that participants engage in repeated countertrade transactions, which do not rest on transitory conditions.;

Item Type: IHS Series
Date Deposited: 26 Sep 2014 10:34
Last Modified: 01 Apr 2016 14:07

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