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Trade, Insecurity, and the Costs of Conflict
Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2022
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013470292
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International Trade and Stable Resolutions of Resource Disputes
Garfinkel, Michelle R.; Syropoulos, Constantinos - 2022
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...
Persistent link: https://www.econbiz.de/10013470299
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Mean Markets or Kind Commerce?
Dufwenberg, Martin; Johansson-Stenman, Olof; Kirchler, … - 2021
. We scrutinize how this shapes interaction in treatments mimicking societies (autarky, barter, and market societies) that …
Persistent link: https://www.econbiz.de/10012609050
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Black currency of middle ages and case for complementary currency
Kokabian, Pezhwak - In: Journal of Risk and Financial Management 13 (2020) 6, pp. 1-9
Monetary historians argue that two types of currencies were circulating in the middle ages of Europe. The first was the standard historical form of money made up of gold and silver coins, and the second was a set of small pieces of copper and other metallic substances used mainly in towns and...
Persistent link: https://www.econbiz.de/10012611343
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Barter in Transition Economies: Competing Explanations Confront Ukrainian Data
Marin, Dalia; Kaufmann, Daniel; Gorochowskij, Bogdan - 2000
In this paper we survey the common explanations of barter in transition economies and expose them to detailed survey … data on 165 barter deals in Ukraine in 1997. The evidence does not support the notion that soft budget constraints, lack of … restructuring, or that the virtual economy are the driving forces behind barter. Further, tax avoidance is only weakly associated …
Persistent link: https://www.econbiz.de/10010427337
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Disorganization and Financial Collapse
Marin, Dalia; Schnitzer, Monika - 2000
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. …
Persistent link: https://www.econbiz.de/10010314859
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Barter, Liquidity and Market Segmentation
Prendergast, Canice; Stole, Lars - 2001
This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …
Persistent link: https://www.econbiz.de/10010315214
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Wage bargaining and management opposition in the presence of productivity gains and organization costs
Riedl, Arno - 1997
Empirical studies have emphasized three important factors in firm-labor relationships: (a) organization costs of workers, (b) management opposition against workers' organizing drives, (c) the possibility of productivity enhancing effects due to voice/response reasons. In this paper the interplay...
Persistent link: https://www.econbiz.de/10010291760
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Bargaining with two-person-groups: On the Insignificance of the patient partner
Kirchkamp, Oliver; Vollstädt, Ulrike - 2012
Although many real bargaining situations involve more than two people, much of the theoretical and experimental research concentrates on the two player situation. We study the simplest possible extension: four people (two two-person groups) of different patience bargain with each other....
Persistent link: https://www.econbiz.de/10010291816
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Are groups more rational, more competitive or more prosocial bargainers?
Vollstädt, Ulrike; Böhm, Robert - 2012
In reality, it is often groups rather than individuals that make decisions. In previous experiments, groups have frequently been shown to act differently from individuals in several ways. It has been claimed that inter-group interactions may be (1) more competitive, (2) more rational, or (3)...
Persistent link: https://www.econbiz.de/10010291828