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Barter with Intermediate Exchange of Goods

In: Money, Trust, and Banking

Author

Listed:
  • Guido K. Schaefer

    (Vienna University of Economics and Business Administration)

Abstract

This chapter prepares the ground for the analysis of advanced transaction technologies by developing a barter model with intermediate exchange of goods. If there exists a lack of double coincidence of needs and wants, barter implies that at least some traders have to acquire goods temporarily which they do not actually desire. Accepting goods in exchange which an agent does not actually desire for trading them against the desired goods is called intermediate exchange of goods.7

Suggested Citation

  • Guido K. Schaefer, 2005. "Barter with Intermediate Exchange of Goods," Palgrave Macmillan Books, in: Money, Trust, and Banking, chapter 6, pages 33-57, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-51326-6_6
    DOI: 10.1057/9780230513266_6
    as

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