This paper shows that a manufacturer may benefit from parallel trade. In addition to an intuitive condition about the effect of demand shocks, this occurs when competitive retailers must order inventories before they know the realization of demand and for products whose sale value drops at the...

This study aims to examine the development and trend of counter-trade transactions and assess their utility in state development by first examining the emergence and current trend of counter-trade practice. It will then provide background on underdevelopment in Congo before presenting a case...

Direct bartering allows us to do trading of assets with or without the use of money. We contribute a smart contract written in Solidity language for the Ethereum blockchain that implements a distributed and autonomous direct barter exchange operated by crowds. Since ERC20 smart contract tokens...

The new blockchain distributed digital technology has the potential to make a transformational change in the way that people transact in the market; a change that is welfare maximizing. The potential transformation was demonstrated in the first time when Satoshi Nakamato came out with the...

Despite the significant increase in the use of this particular type of trading system, there seems to be no universal consensus agreed upon the terms and definitions of countertrade. Nevertheless, it could be argued that the common understanding regarding the operation of countertrade is that it...

A dynamic multi-stage decision-theoretic approach is introduced to establish the optimal offset and its incidence, the contract price arising from bargaining, and the scale of the acquisition. A new rationale is suggested for offsets in terms of their role as an insurance devise. Results are...

A dynamic multi-stage decision-theoretic approach is introduced to establish the optimal offset and its incidence, the contract price arising from bargaining, and the scale of the acquisition. A new rationale is suggested for offsets in terms of their role as an insurance devise. Results are...