This paper examines the impact of the Severe Acute Respiratory Syndrome (SARS) epidemic on China’s trade. Using …

This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …

alleviate the hold-up problem. We argue further that barter creates a hostage which allows to deal with disorganization when …, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine … shortage the financial shortage and barter have each an important effect on output growth. …

We derive a model in which firms operate in an epidemic environment and internalize infections among their employees in … the workplace. The model is calibrated to fit the properties of the Covid-19 epidemic. We show that firms have incentives …

during an epidemic? We study a setting where ICU resources are constrained while suppression is costly (e.g., limiting … suppression measures are continuously taken to hold down the spread throughout the epidemic, is suboptimal. Instead, the optimal … suppression is discountinuous. The epidemic should be left unregulated in a first phase and when the ICU constraint is approaching …