In this Paper we study, both theoretically and empirically, the relationship between barter and the indebtedness of Russian firms. We build a model in which a firm uses barter to protect its working capital against outside creditors even when barter involves high transaction costs. The main...

In this Paper we study, both theoretically and empirically, the relationship between barter and the indebtedness of Russian firms. We build a model in which a firm uses barter to protect its working capital against outside creditors even when barter involves high transaction costs. The main...

Why are informal practices still prevalent in Russia? -- Chernyi piar : dirty campaigning and the workings of Russian democracy -- Kompromat : the use of compromising information in informal politics -- Krugovaia poruka : sustaining the ties of joint responsibility -- Tenevoi barter : shadow...

In diesem Text werden verschiedene quantitative Aspekte des Paradigmas der "virtuellen Welt" von Gaddy und Ickes auf die postsovietische Volkwirtschaft angewendet. Zutreffende Ergebnisse wurden erst dann erzielt Modell in ein Schema volkwirtschaftlicher Gesamtrechnung eingebunden wurde. Bei der...