The Economics of Barter and Countertrade

The Economics of Barter and Countertrade

ISBN-10:
1840644389
ISBN-13:
9781840644388
Pub. Date:
01/28/2002
Publisher:
Edward Elgar Publishing
The Economics of Barter and Countertrade

The Economics of Barter and Countertrade

Hardcover

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Overview

This authoritative collection presents the most important published articles on barter and countertrade from early scepticism to the recent sophisticated theoretical models and empirical evidence.

The papers selected focus upon the policy and managerial implications of barter and countertrade and explain the reasoning behind these arrangements in an environment characterized by transaction difficulties. They demonstrate that appropriately designed transactional governance is crucial for the efficiency of successful trading relationships between different parties.

The Economics of Barter and Countertrade is a timely collection due to the resurgence of barter and countertrade following the Russian and Asian financial crises. It is an essential reference source for those with an interest in trade and international economic relations.


Product Details

ISBN-13: 9781840644388
Publisher: Edward Elgar Publishing
Publication date: 01/28/2002
Series: The International Library of Critical Writings in Economics series , #138
Pages: 424
Product dimensions: 6.62(w) x 9.62(h) x (d)

About the Author

Edited by Rolf Mirus, Professor of International Business, University of Alberta, Canada and Bernard Yeung, Dean and Stephen Riady Distinguished Professor, National University of Singapore

Table of Contents

Contents:
Acknowledgements
Introduction Rolf Mirus and Bernard Yeung
PART I COUNTERTRADE: FORMS AND CHALLENGE OF THE CONVENTIONAL WISDOM
1. Robert E. Weigand (1980), ‘Barters and Buy-backs: Let Western Firms Beware!’
2. Rolf Mirus and Bernard Yeung (1987), ‘Countertrade and Foreign Exchange Shortages: A Preliminary Assessment’
3. Jean-François Hennart (1990), excerpt from ‘Some Empirical Dimensions of Countertrade’
PART II COUNTERTRADE AS SOLUTION TO TRANSACTIONAL DIFFICULTIES: EARLY ANALYTICAL LITERATURE
4. Peter Murrell (1982), ‘Product Quality, Market Signaling and the Development of East–West Trade’
5. Bruce Kogut (1986), ‘On Designing Contracts to Guarantee Enforceability: Theory and Evidence from East–West Trade’
6. Rolf Mirus and Bernard Yeung (1986), ‘Economic Incentives for Countertrade’
7. Jean-François Hennart (1989), ‘The Transaction-cost Rationale for Countertrade’
PART III THE LITERATURE IN THE NINETIES: DOUBLE MORAL HAZARD, HOSTAGE EXCHANGE, AND QUANTITY STIPULATION
8. Dalia Marin and Monika Schnitzer (1995), ‘Tying Trade Flows: A Theory of Countertrade with Evidence’
9. Dalia Marin and Monika Schnitzer (1998), ‘Economic Incentives and International Trade’
10. Raissa Chan and Michael Hoy (1991), ‘East–West Joint Ventures and Buyback Contracts’
11. Chong J. Choi and Daniel Maldoom (1992), ‘A Simple Model of Buybacks’
PART IV RISK SHARING
12. Erwin Amann and Dalia Marin (1994), ‘Risk-sharing in International Trade: An Analysis of Countertrade’
PART V PRICE DISCRIMINATION
13. Richard E. Caves (1974), ‘The Economics of Reciprocity: Theory and Evidence on Bilateral Trading Arrangements’
14. Ellen Magenheim and Peter Murrell (1988), ‘How to Haggle and to Stay Firm: Barter as Hidden Price Discrimination’
15. Richard E. Caves and Dalia Marin (1992), ‘Countertrade Transactions: Theory and Evidence’
PART VI POLICY IMPLICATIONS
16. Abla M. Abdel-Latif and Jeffrey B. Nugent (1994), ‘Countertrade as Trade Creation and Trade Diversion’
17. Abla M. Abdel-Latif and Jeffrey B. Nugent (1993), ‘Countertrade, Licensing and Direct Foreign Investment: Comparative Effects on LDCS and MNES’
18. Tore Ellingsen and Lars A. Stole (1996), ‘Mandated Countertrade as a Strategic Commitment’
PART VII MANAGERIAL ASPECTS
19. C.W. Neale, D. Shipley and P. Sercu (1992), ‘Motives for and the Management of Countertrade in Domestic Markets’
20. Rolf Mirus and Bernard Yeung (1989), ‘Buy-back and Technology Transfer -Some Theoretical Considerations’
PART VIII DOMESTIC BARTER IN THE ABSENCE OF CREDIBLE FIAT MONEY
21. Joseph A. Ritter (1995), ‘The Transition from Barter to Fiat Money’
22. Steve Williamson and Randall Wright (1994), ‘Barter and Monetary Exchange Under Private Information’
PART IX CONCLUSION
23. Rolf Mirus and Bernard Yeung (1993), ‘Why Countertrade? An Economic Perspective’
Name Index
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