Countertrade transactions: rationales, structure, outcomes
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 stic...| Link(s) zu Dokument(en): | IHS Publikation |
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| Hauptverfasser: | , |
| Format: | IHS Series NonPeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
institut fuer hoehere studien
1991
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| Zusammenfassung: | 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.; |
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