Prendergast, Canice; Stole, Lars - Volkswirtschaftliche Fakultät, … - 2000
We offer a simple economic model of repeated barter to explore current economic exchange in Russia: individuals trade … barter allocations are distorted, as goods must be used for liquidity reasons. When third-party middlemen exist who can … facilitate barter, they command a premium for their services, and have preferences for improved liquidity which may or may not …