Category Books

Economics of Barter and Countertrade »

Authors: Rolf Mirus (Editor), Bernard Yeung
ISBN-13: 9781840644388, ISBN-10: 1840644389
Format: Hardcover
Publisher: Elgar, Edward Publishing, Inc.
Date Published: February 2001
Edition: (Non-applicable)

Author Biography: Rolf Mirus

Book Synopsis

	Acknowledgements
	Introduction
Pt. I	Countertrade: Forms and Challenge of the Conventional Wisdom
1	Barters and Buy-backs: Let Western Firms Beware!	3
2	Countertrade and Foreign Exchange Shortages: A Preliminary Assessment	11
3	Some Empirical Dimensions of Countertrade	21
Pt. II	Countertrade as Solution to Transactional Difficulties: Early Analytical Literature
4	Product Quality, Market Signaling and the Development of East-West Trade	43
5	On Designing Contracts to Guarantee Enforceability: Theory and Evidence from East-West Trade	58
6	Economic Incentives for Countertrade	73
7	The Transaction-cost Rationale for Countertrade	86
Pt. III	The Literature in the Nineties: Double Moral Hazard, Hostage Exchange, and Quantity Stipulation
8	Tying Trade Flows: A Theory of Countertrade with Evidence	115
9	Economic Incentives and International Trade	133
10	East-West Joint Ventures and Buyback Contracts	145
11	A Simple Model of Buybacks	158
Pt. IV	Risk Sharing
12	Risk-sharing in International Trade: An Analysis of Countertrade	167
Pt. V	Price Discrimination
13	The Economics of Reciprocity: Theory and Evidence on Bilateral Trading Arrangements	185
14	How to Haggle and to Stay Firm: Barter as Hidden Price Discrimination	223
15	Countertrade Transactions: Theory and Evidence	234
Pt. VI	Policy Implications
16	Countertrade as Trade Creation and Trade Diversion	249
17	Countertrade, Licensing and Direct Foreign Investment: Comparative Effects on LDCs and MNEs	260
18	Mandated Countertrade as a Strategic Commitment	276
Pt. VII	Managerial Aspects
19	Motives for and the Management of Countertrade in Domestic Markets	297
20	Buy-back and Technology Transfer - Some Theoretical Considerations	312
Pt. VIII	Domestic Barter in the Absence of Credible Fiat Money
21	The Transition from Barter to Fiat Money	321
22	Barter and Monetary Exchange Under Private Information	337
Pt. IX	Conclusion
23	Why Countertrade? An Economic Perspective	359
	Name Index	385