Countertrade Transactions: Theory and Evidence
Countertrade transactions may cover 20 percent of international trade yet are little researched. Testing several coherent models on 230 transactions (mainly East-West), the authors find (1) strong evidence that they effect price discrimination for Western 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 that do not rest on transitory conditions. Copyright 1992 by Royal Economic Society.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 102 (1992)
Issue (Month): 414 (September)
|Contact details of provider:|| Postal: 2 Dean Trench Street, Westminster, SW1P 3HE|
Phone: +44 20 3137 6301
Web page: http://www.res.org.uk/
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bruce Kogut, 1986. "On Designing Contracts to Guarantee Enforceability: Theory and Evidence from East-West Trade," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 17(1), pages 47-61, March.
- Marin,Dalia & Schnitzer,Monika, 1993.
"Tying trade flows: A theory of countertrade,"
Discussion Paper Serie A
396, University of Bonn, Germany.
- Marin, Dalia & Schnitzer, Monika, 1994. "Tying Trade Flows: A Theory of Countertrade," CEPR Discussion Papers 946, C.E.P.R. Discussion Papers.
- Caves, Richard E & Marin, Dalia, 1992. "Countertrade Transactions: Theory and Evidence," Economic Journal, Royal Economic Society, vol. 102(414), pages 1171-1183, September.
- Caves, Richard E. & Marin, Dalia, 1992. "Countertrade transactions: theory and evidence," Munich Reprints in Economics 19952, University of Munich, Department of Economics.
- Caves, R.E. & Marin, D., 1992. "Countertrade Transactions: Theory and Evidence," Harvard Institute of Economic Research Working Papers 1599, Harvard - Institute of Economic Research.
- Caves, Richard E. & Marin, Dalia, 1992. "Countertrade Transactions: Theory and Evidence," Munich Reprints in Economics 3111, University of Munich, Department of Economics.
- Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
- Amann, Erwin & Marin, Dalia, 1990. "Long Term Contracts in International Trade," CEPR Discussion Papers 413, C.E.P.R. Discussion Papers.
- Marin, Dalia, 1990. "Tying in International Trade," Munich Reprints in Economics 3114, University of Munich, Department of Economics.
- Marin, Dalia, 1991. "Monopoly, Tying and Reciprocity: An Application to International Trade," CEPR Discussion Papers 609, C.E.P.R. Discussion Papers. Full references (including those not matched with items on IDEAS)