This paper extends analyses of the determinants of the level of transactions among barter exchanges in the US economy by separating the trend elements of the explanatory variables from their cyclical elements. The results suggest that the level of barter is positively influenced by the expected...

In this paper, a statistical model is developed to examine the determinants of the growing level of barter transactions in the US. Although a barter system is believed to be Pareto inferior to a money system, recent statistics of the estimated level of barter transactions in the US show a...

The purpose of this comment is a critical evaluation of the empirical analysis made by Cresti (2005) and her finding that commercial barter behaves differently than corporate barter during the course of business cycles. Here, we correct the arbitrary replacement of the missing observations by...