Xeni, Dassiou; Ju, Choi Chong; Dan, Maldoom - In: The B.E. Journal of Theoretical Economics 4 (2004) 1, pp. 1-17
In this paper we try to explain how price discrimination can cause bilateral trade patterns of the type seen under countertrade agreements. We interpret countertrade as a form of transaction bundling, which can discriminate between potential trading partners, and we combine characteristics from...