RT Journal Article
T1 Countertrade and the choice of strategic trading form
A1 Camino Blasco, David
A1 Cardone Riportella, Clara
AB Reciprocal trade agreements, usually known under the generic name of countertrade (CT) have been traditionally seen as a form of bilateralism, and thus as an inefficient form of international exchange. Although contemporary trade theories do not fully explain the increasing prevalence of CT transactions, we will argue that it is possible to construct and use a third (hybrid) institutional form, which is congruent with the transaction-cost theories, and we will show how — under market imperfections — countertrade can reduce transaction costs while conserving the efficiency gains generated by these specific arrangements.
PB Elsevier
SN 0422-2784
YR 1998
FD 1998
LK https://hdl.handle.net/10016/6554
UL https://hdl.handle.net/10016/6554
LA eng
DS e-Archivo
RD 27 jul. 2024