Optimal Payment Contracts In Trade Relationships
Author
Abstract
Suggested Citation
DOI: 10.1111/iere.12636
Download full text from publisher
References listed on IDEAS
- Kalina Manova, 2013.
"Credit Constraints, Heterogeneous Firms, and International Trade,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(2), pages 711-744.
- Kalina Manova, 2008. "Credit Constraints, Heterogeneous Firms, and International Trade," NBER Working Papers 14531, National Bureau of Economic Research, Inc.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2016.
"Relational contracts and supplier turnover in the global economy,"
Journal of International Economics, Elsevier, vol. 103(C), pages 147-165.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2015. "Relational contracts and supplier turnover in the global economy," DICE Discussion Papers 193, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Fischer, Christian & Suedekum, Jens & Defever, Fabrice, 2016. "Relational Contracts and Supplier Turnover in the Global Economy," VfS Annual Conference 2016 (Augsburg): Demographic Change 145504, Verein für Socialpolitik / German Economic Association.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2015. "Relational contracts and supplier turnover in the global economy," LSE Research Online Documents on Economics 64978, London School of Economics and Political Science, LSE Library.
- Südekum, Jens & Defever, Fabrice & Fischer, Christian, 2015. "Relational Contracts and Supplier Turnover in the Global Economy," CEPR Discussion Papers 10784, C.E.P.R. Discussion Papers.
- Fabrice Defever & Christian Fischer & Jens Suedekum, 2015. "Relational Contracts and Supplier Turnover in the Global Economy," CEP Discussion Papers dp1375, Centre for Economic Performance, LSE.
- Jonathan Thomas & Tim Worrall, 1994.
"Foreign Direct Investment and the Risk of Expropriation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(1), pages 81-108.
- Thomas, Jonathan & Worrall, Tim, 1990. "Foreign Direct Investment And The Risk Of Expropriation," Economic Research Papers 268376, University of Warwick - Department of Economics.
- Thomas, J. & Worral, T., 1991. "Foreign Direcyt Investment and the Risk of Expropriation," Papers 9126, Tilburg - Center for Economic Research.
- Thomas, J.P. & Worrall, T., 1991. "Foreign direct investment and the risk of expropriation," Discussion Paper 1991-26, Tilburg University, Center for Economic Research.
- Thomas, Jonathan P. & Worrall, Tim, 1990. "Foreign direct investment and the risk of expropriation," Kiel Working Papers 411, Kiel Institute for the World Economy (IfW Kiel).
- Thomas, J. & Worrall, T., 1990. "Foreign Direct Investment And The Risk Of Expropriation," The Warwick Economics Research Paper Series (TWERPS) 342, University of Warwick, Department of Economics.
- Thomas, J.P. & Worrall, T., 1991. "Foreign direct investment and the risk of expropriation," Other publications TiSEM 648dfe30-92c0-4c5f-a1fe-2, Tilburg University, School of Economics and Management.
- W. Bentley MacLeod, 2007. "Reputations, Relationships, and Contract Enforcement," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 595-628, September.
- Petersen, Mitchell A & Rajan, Raghuram G, 1997.
"Trade Credit: Theories and Evidence,"
The Review of Financial Studies, Society for Financial Studies, vol. 10(3), pages 661-691.
- Mitchell A. Petersen & Raghuram G. Rajan, "undated". "Trade Credit: Theories and Evidence," CRSP working papers 322, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Mitchell A. Petersen & Raghuram G. Rajan, 1996. "Trade Credit: Theories and Evidence," NBER Working Papers 5602, National Bureau of Economic Research, Inc.
- Ann E. Harrison & Margaret S. McMillan, 2022.
"Does direct foreign investment affect domestic credit constraints?,"
World Scientific Book Chapters, in: Globalization, Firms, and Workers, chapter 7, pages 153-180,
World Scientific Publishing Co. Pte. Ltd..
- Harrison, Ann E. & McMillan, Margaret S., 2003. "Does direct foreign investment affect domestic credit constraints?," Journal of International Economics, Elsevier, vol. 61(1), pages 73-100, October.
- Araujo, Luis & Mion, Giordano & Ornelas, Emanuel, 2016.
"Institutions and export dynamics,"
Journal of International Economics, Elsevier, vol. 98(C), pages 2-20.
- Mion, Giordano & Ornelas, Emanuel & Araujo, Luis, 2012. "Institutions and Export Dynamics," CEPR Discussion Papers 8809, C.E.P.R. Discussion Papers.
- Luis Araujo & Giordano Mion & Emanuel Ornelas, 2012. "Institutions and export dynamics," Working Paper Research 220, National Bank of Belgium.
- Luis Araujo & Giordano Mion & Emanuel Ornelas, 2012. "Institutions and Export Dynamics," CEP Discussion Papers dp1118, Centre for Economic Performance, LSE.
- Marina Halac, 2012. "Relational Contracts and the Value of Relationships," American Economic Review, American Economic Association, vol. 102(2), pages 750-779, April.
- Sylvain Chassang, 2010. "Building Routines: Learning, Cooperation, and the Dynamics of Incomplete Relational Contracts," American Economic Review, American Economic Association, vol. 100(1), pages 448-465, March.
- Joel Sobel, 2006. "For Better or Forever: Formal versus Informal Enforcement," Journal of Labor Economics, University of Chicago Press, vol. 24(2), pages 271-298, April.
- Rauch, James E. & Watson, Joel, 2003.
"Starting small in an unfamiliar environment,"
International Journal of Industrial Organization, Elsevier, vol. 21(7), pages 1021-1042, September.
- James E. Rauch & Joel Watson, 1999. "Starting Small in an Unfamiliar Environment," Cowles Foundation Discussion Papers 1218, Cowles Foundation for Research in Economics, Yale University.
- Rauch, J E & Watson, Joel, 1999. "Starting Small in an Unfamiliar Environment," University of California at San Diego, Economics Working Paper Series qt4rp145hc, Department of Economics, UC San Diego.
- James E. Rauch & Joel Watson, 1999. "Starting Small in an Unfamiliar Environment," NBER Working Papers 7053, National Bureau of Economic Research, Inc.
- Vicente Cuñat, 2007.
"Trade Credit: Suppliers as Debt Collectors and Insurance Providers,"
The Review of Financial Studies, Society for Financial Studies, vol. 20(2), pages 491-527.
- Vincente Cuñat, 2000. "Trade Credit: Suppliers as Debt Collectors and Insurance Providers," FMG Discussion Papers dp365, Financial Markets Group.
- Vicente Cuñat, 2002. "Trade credit: Suppliers as debt collectors and insurance providers," Economics Working Papers 625, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2004.
- Marina Halac, 2014. "Relationship Building: Conflict and Project Choice over Time," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 30(4), pages 683-708.
- Martina Engemann & Katharina Eck & Monika Schnitzer, 2014.
"Trade Credits and Bank Credits in International Trade: Substitutes or Complements?,"
The World Economy, Wiley Blackwell, vol. 37(11), pages 1507-1540, November.
- Martina Engemann & Katharina Eck & Monika Schnitzer, 2011. "Trade Credits and Bank Credits in International Trade: Substitutes or Complements?," Working Papers 108, Bavarian Graduate Program in Economics (BGPE).
- Simon Johnson & John McMillan, 2002.
"Courts and Relational Contracts,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 18(1), pages 221-277, April.
- Simon Johnson & John McMillan & Christopher Woodruff, 2001. "Courts and Relational Contracts," NBER Working Papers 8572, National Bureau of Economic Research, Inc.
- Parikshit Ghosh & Debraj Ray, 1996.
"Cooperation in Community Interaction Without Information Flows,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(3), pages 491-519.
- Parikshit Ghosh & Debraj Ray, 1995. "Cooperation in Community Interaction Without Information Flows," Boston University - Institute for Economic Development 64, Boston University, Institute for Economic Development.
- Watson, Joel, 1999. "Starting Small and Renegotiation," Journal of Economic Theory, Elsevier, vol. 85(1), pages 52-90, March.
- Smith, Janet Kiholm, 1987. "Trade Credit and Informational Asymmetry," Journal of Finance, American Finance Association, vol. 42(4), pages 863-872, September.
- Koen J. M. van der Veer, 2015. "The Private Export Credit Insurance Effect on Trade," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 82(3), pages 601-624, September.
- Huanxing Yang, 2013. "Nonstationary Relational Contracts With Adverse Selection," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(2), pages 525-547, May.
- William Fuchs & Brett Green & David Levine, 2022. "Optimal Arrangements for Distribution in Developing Markets: Theory and Evidence," American Economic Journal: Microeconomics, American Economic Association, vol. 14(1), pages 411-450, February.
- George Baker & Robert Gibbons & Kevin J. Murphy, 2002. "Relational Contracts and the Theory of the Firm," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 39-84.
- Demir, Banu & Javorcik, Beata, 2018.
"Don’t throw in the towel, throw in trade credit!,"
Journal of International Economics, Elsevier, vol. 111(C), pages 177-189.
- Javorcik, Beata & Demir, Banu, 2014. "Don't Throw in the Towel, Throw in Trade Credit!," CEPR Discussion Papers 10142, C.E.P.R. Discussion Papers.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Biggs, Tyler & Raturi, Mayank & Srivastava, Pradeep, 2002. "Ethnic networks and access to credit: evidence from the manufacturing sector in Kenya," Journal of Economic Behavior & Organization, Elsevier, vol. 49(4), pages 473-486, December.
- Kranton, Rachel E, 1996. "The Formation of Cooperative Relationships," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 12(1), pages 214-233, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Fischer, Christian, 2020.
"Optimal payment contracts in trade relationships,"
MPRA Paper
101956, University Library of Munich, Germany.
- Fischer, Christian, 2020. "Optimal payment contracts in trade relationships," DICE Discussion Papers 332, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Fischer, Christian, 2020. "Optimal payment contracts in trade relationships," MPRA Paper 100891, University Library of Munich, Germany.
- Fischer, Christian, 2020. "Optimal Payment Contracts in Trade Relationships," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224564, Verein für Socialpolitik / German Economic Association.
- James M. Malcomson, 2012.
"Relational Incentive Contracts [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- James Malcomson, 2010. "Relational Incentive Contracts," Economics Series Working Papers 508, University of Oxford, Department of Economics.
- Joel Watson, 2021.
"Theoretical Foundations of Relational Incentive Contracts,"
Annual Review of Economics, Annual Reviews, vol. 13(1), pages 631-659, August.
- Watson, Joel, 2021. "Theoretical Foundations of Relational Incentive Contracts," University of California at San Diego, Economics Working Paper Series qt19f9w2xf, Department of Economics, UC San Diego.
- Rocco Macchiavello & Ameet Morjaria, 2015.
"The Value of Relationships: Evidence from a Supply Shock to Kenyan Rose Exports,"
American Economic Review, American Economic Association, vol. 105(9), pages 2911-2945, September.
- Macchiavello, Rocco & Morjaria, Ameet, 2013. "The Value of Relationships: Evidence from a Supply Shock to Kenyan Rose Exports," CEPR Discussion Papers 9531, C.E.P.R. Discussion Papers.
- Macchiavello, Rocco & Morjaria, Ameet, 2015. "The value of relationships: evidence from a supply shock to Kenyan rose exports," LSE Research Online Documents on Economics 68207, London School of Economics and Political Science, LSE Library.
- Macchiavello, Rocco & Morjaria, Ameet, 2013. "The Value of Relationships: Evidence from a Supply Shock to Kenyan Rose Exports," Economic Research Papers 270427, University of Warwick - Department of Economics.
- Wei, Dong, 2019. "A model of trust building with anonymous re-matching," Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 311-327.
- Kartal, Melis & Müller, Wieland & Tremewan, James, 2021. "Building trust: The costs and benefits of gradualism," Games and Economic Behavior, Elsevier, vol. 130(C), pages 258-275.
- Alvaro Garcia-Marin & Santiago Justel & Tim Schmidt-Eisenlohr, 2019.
"Trade Credit, Markups, and Relationships,"
CESifo Working Paper Series
7600, CESifo.
- Alvaro Garcia-Marin & Santiago Justel & Tim Schmidt-Eisenlohr, 2020. "Trade Credit, Markups, and Relationships," International Finance Discussion Papers 1303, Board of Governors of the Federal Reserve System (U.S.).
- Luis Garicano & Luis Rayo, 2016.
"Why Organizations Fail: Models and Cases,"
Journal of Economic Literature, American Economic Association, vol. 54(1), pages 137-192, March.
- Garicano, Luis & Rayo, Luis, 2015. "Why organizations fail: models and cases," CEPR Discussion Papers 10395, C.E.P.R. Discussion Papers.
- Rafael Rob & Huanxing Yang, 2010.
"Long-term relationships as safeguards,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 43(2), pages 143-166, May.
- Rafael Rob & Huanxing Yang, 2006. "Long Term Relationships as Safeguards," Levine's Working Paper Archive 618897000000001039, David K. Levine.
- Jin Li & Niko Matouschek & Michael Powell, 2017. "Power Dynamics in Organizations," American Economic Journal: Microeconomics, American Economic Association, vol. 9(1), pages 217-241, February.
- Hua, Xiameng & Watson, Joel, 2022.
"Starting small in project choice: A discrete-time setting with a continuum of types,"
Journal of Economic Theory, Elsevier, vol. 204(C).
- Hua, Xiameng & Watson, Joel, 2022. "Starting small in project choice: A discrete-time setting with a continuum of types," University of California at San Diego, Economics Working Paper Series qt1fb0j67c, Department of Economics, UC San Diego.
- Bodoh-Creed, Aaron L., 2019. "Endogenous institutional selection, building trust, and economic growth," Games and Economic Behavior, Elsevier, vol. 114(C), pages 169-176.
- Brown, M. & Serra Garcia, M., 2010.
"Relational Contracting Under the Threat of Expropriation – Experimental Evidence,"
Other publications TiSEM
2a3179b3-7300-4aee-a62f-7, Tilburg University, School of Economics and Management.
- Brown, M. & Serra Garcia, M., 2010. "Relational Contracting Under the Threat of Expropriation – Experimental Evidence," Discussion Paper 2010-85, Tilburg University, Center for Economic Research.
- Brown, M. & Serra Garcia, M., 2010. "Relational Contracting Under the Threat of Expropriation – Experimental Evidence," Other publications TiSEM 4c7c42f3-b44d-4327-9556-5, Tilburg University, School of Economics and Management.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2016.
"Relational contracts and supplier turnover in the global economy,"
Journal of International Economics, Elsevier, vol. 103(C), pages 147-165.
- Fabrice Defever & Christian Fischer & Jens Suedekum, 2015. "Relational Contracts and Supplier Turnover in the Global Economy," CEP Discussion Papers dp1375, Centre for Economic Performance, LSE.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2015. "Relational contracts and supplier turnover in the global economy," DICE Discussion Papers 193, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Fischer, Christian & Suedekum, Jens & Defever, Fabrice, 2016. "Relational Contracts and Supplier Turnover in the Global Economy," VfS Annual Conference 2016 (Augsburg): Demographic Change 145504, Verein für Socialpolitik / German Economic Association.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2015. "Relational contracts and supplier turnover in the global economy," LSE Research Online Documents on Economics 64978, London School of Economics and Political Science, LSE Library.
- Südekum, Jens & Defever, Fabrice & Fischer, Christian, 2015. "Relational Contracts and Supplier Turnover in the Global Economy," CEPR Discussion Papers 10784, C.E.P.R. Discussion Papers.
- W. Bentley MacLeod, 2006.
"Reputations, Relationships and the Enforcement of Incomplete Contracts,"
CESifo Working Paper Series
1730, CESifo.
- MacLeod, W. Bentley, 2006. "Reputations, Relationships and the Enforcement of Incomplete Contracts," IZA Discussion Papers 1978, Institute of Labor Economics (IZA).
- Andreas Hoefele & Tim Schmidt-Eisenlohr & Zhihong Yu, 2016.
"Payment choice in international trade: Theory and evidence from cross-country firm-level data,"
Canadian Journal of Economics, Canadian Economics Association, vol. 49(1), pages 296-319, February.
- Andreas Hoefele & Tim Schmidt‐Eisenlohr & Zhihong Yu, 2016. "Payment choice in international trade: Theory and evidence from cross‐country firm‐level data," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(1), pages 296-319, February.
- Andreas Hoefele & Tim Schmidt-Eisenlohr & Zhihong Yu, 2013. "Payment Choice in International Trade: Theory and Evidence from Cross-country Firm Level Data," CESifo Working Paper Series 4350, CESifo.
- Andreas Hoefele & Tim Schmidt-Eisenlohr & Zihong Yu, 2013. "Payment Choice in International Trade: Theory and Evidence from Cross-country Firm Level Data," Discussion Paper Series 2013_11, Department of Economics, Loughborough University, revised Oct 2013.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2017.
"Supplier search and re-matching in global sourcing: theory and evidence from China,"
LSE Research Online Documents on Economics
86605, London School of Economics and Political Science, LSE Library.
- Defever, F. & Fischer, C. & Suedekum, J., 2017. "Supplier Search and Re-matching in Global Sourcing - Theory and Evidence from China," Working Papers 17/03, Department of Economics, City University London.
- Fabrice Defever & Christian Fischer & Jens Suedekum, 2017. "Supplier Search and Rematching in Global Sourcing - Theory and Evidence from China," CESifo Working Paper Series 6748, CESifo.
- Fabrice Defever & Christian Fischer & Jens Südekum, 2017. "Supplier search and re-matching in global sourcing: Theory and evidence from China," CEP Discussion Papers dp1515, Centre for Economic Performance, LSE.
- Defever, Fabrice & Fischer, Christian & Suedekum, Jens, 2017. "Supplier search and re-matching in global sourcing: Theory and evidence from China," DICE Discussion Papers 273, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- P. Beaumont, 2017. "Time is Money: Cash-Flow Risk and Export Market Behavior," Documents de Travail de l'Insee - INSEE Working Papers g2017-10, Institut National de la Statistique et des Etudes Economiques.
- Leora Klapper & Luc Laeven & Raghuram Rajan, 2012.
"Trade Credit Contracts,"
The Review of Financial Studies, Society for Financial Studies, vol. 25(3), pages 838-867.
- Klapper, Leora & Laeven, Luc & Rajan, Raghuram, 2010. "Trade credit contracts," Policy Research Working Paper Series 5328, The World Bank.
- Klapper, Leora & Laeven, Luc & Rajan, Raghuram, 2011. "Trade credit contracts," Policy Research Working Paper Series 5726, The World Bank.
- Leora F. Klapper & Luc Laeven & Raghuram Rajan, 2011. "Trade Credit Contracts," NBER Working Papers 17146, National Bureau of Economic Research, Inc.
- Baños-Caballero, Sonia & García-Teruel, Pedro J. & Martínez-Solano, Pedro, 2023. "Trade credit, creditor protection and banking crisis," Global Finance Journal, Elsevier, vol. 57(C).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:iecrev:v:64:y:2023:i:4:p:1649-1683. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/deupaus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.