This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …-monetary exchange avoids this limitation and enhances trade by (1) generating liquidity and (2) by segmenting the market place into low …-demand and high-demand customers in a manner which is impossible with pure monetary exchange. We provide comparative statics …

Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated …

This paper investigates the domestic government's antidumping duty choice in an asymmetric information framework where … penalty duties. We show that the antidumping framework within GATT/WTO may not only offer the means to pursue strategic trade … optimal strategic trade policy. -- Antidumping duties ; asymmetric information ; trade protection ; strategic trade policy …

equilibrium is characterized by unilateral dumping by the foreign firm into the domestic economy. Two instruments of anti-dumping … (AD) policy are examined, namely, a price undertaking (PU) and an anti-dumping duty. We show that, when firms ̕cost …

is a progression from u sing tariffs only to quotas, and to antidumping constraints (when quotas are jointly eliminated …

anti-dumping laws. To that end, we investigate the strategic incentives of oligopolistic exporting firms to undertake … protection and to the exchange rate depreciations observed recently. Dumping may arise even if consumers exhaust all arbitrage … dumping in these economies. We show that dumping may be due to cross-country differences in income, to the extent of tariff …

games. Among them are the ultimatum game, the gift-exchange game, a reduced best-shot game, the dictator game, the prisoner …