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  • Countertrade, a transaction costs approach

    Creator:
    Kelly, Sharon
    Abstract:
    New types of exchange arrangements are becoming increasingly popular for a wide range of goods traded internationally. Several types of countertrade arrangements have been identified, ranging from pure barter to more elaborate schemes where only a portion of the trade is "paid for" in goods, including bilateral trading agreements with...
    Resource Type:
    Dissertation
    Full Text:
    economists as well as by government officials. In this paper a partial equilibrium model of exchange is