. This paper confronts with empirical evidence two approaches to explain barter in Russia: the 'illusion view' and the 'trust … 'trust view' sees barter as an institution to deal with the absence of trust and liquidity in the Russian economy. We …'€˜ in favor of the '€˜trust view'€˜ of barter. …

suppliers' bargaining position is very strong due to high costs of switching suppliers. Thus, in the absence of trust and …

This paper is a reply to Barry Ickes' critique of my paper 'Trust versus Illusion: What is Driving Demonetization in … institutional explanation based on the lack of trust. …

alternative explanation which sees this pricing behavior as a mechanism to deal with the absence of trust and financial discipline …

This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in … institutional explanation based on the lack of trust. …

alternative explanation which sees this pricing behavior as a mechanism to deal with the absence of trust and financial discipline …

trust and liquidity in the economy. …

. This paper confronts with empirical evidence two approaches to explain barter in Russia: the ’illusion view’ and the ’trust …. The ’trust view’ sees barter as an institution to deal with the absence of trust and liquidity in the Russian economy …€™illusion view‘ in favor of the ‘trust view‘ of barter. …