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U.S. Domestic Barter : an Empirical Investigation

Author

Listed:
  • Barbara, CRESTI

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

Abstract

This paper studies the barter industry developed in North America during he 1950s, pointing ut some of its main characteristics. Thus, it examines its two main sectors : (i) Corporate Barter and (ii) Commercial Barter. Contrary to expectations, the analysis of official data shows that this phenomenon is essentially pro-cyclical for the Commercial Barter component. Moreover, commecial barter activity turns out to be complementary to the cash economy. While the two sectors display some differences in their pattern, they both help firms to increase their profits.

Suggested Citation

  • Barbara, CRESTI, 2003. "U.S. Domestic Barter : an Empirical Investigation," LIDAM Discussion Papers IRES 2003005, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvir:2003005
    as

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    File URL: http://sites.uclouvain.be/econ/DP/IRES/2003-5.pdf
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    References listed on IDEAS

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    1. Banerjee, Anindya, et al, 1986. "Exploring Equilibrium Relationships in Econometrics through Static Models: Some Monte Carlo Evidence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(3), pages 253-277, August.
    2. Marin, Dalia & Schnitzer, Monika, 1995. "Tying Trade Flows: A Theory of Countertrade with Evidence," American Economic Review, American Economic Association, vol. 85(5), pages 1047-1064, December.
    3. Dalia Marin & Monika Schnitzer, 2002. "The Economic Institution Of International Barter," Economic Journal, Royal Economic Society, vol. 112(479), pages 293-316, April.
    4. Marin, Dalia & Schnitzer, Monika, 2005. "Disorganization and financial collapse," European Economic Review, Elsevier, vol. 49(2), pages 387-408, February.
    5. Choi, Chong J. & Maldoom, Daniel, 1992. "A simple model of buybacks," Economics Letters, Elsevier, vol. 40(1), pages 77-82, September.
    6. Amann, Erwin & Marin, Dalia, 1994. "Risk-Sharing in International Trade: An Analysis of Countertrade," Journal of Industrial Economics, Wiley Blackwell, vol. 42(1), pages 63-77, March.
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    Cited by:

    1. Frantisek Milichovsky & Jiri Kolenak, 2014. "Methodology for the Selection of Compensation Trade Tools in SMEs," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 3, pages 213-224, September.
    2. Jiří Koleňák & František Milichovský, 2015. "Development of Creative Thinking in Connection with Compensation Trades," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(2), pages 559-566.

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    More about this item

    Keywords

    E-Barter; Corporate Barter; Economic Cycle;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other
    • L89 - Industrial Organization - - Industry Studies: Services - - - Other

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