In an interaction it is possible that one agent has features it is aware of but the opponent is not. These features (e.g. cost, valuation or fighting ability) are referred to as the agent's type. The paper compares two models of evolution in symmetric situations of this kind. In one model the...

Countertrade agreements in international trade refer to a trade practice in which an exporter agrees to purchase back commodities proportional to his original export sale in the future. This paper provides a rationale for why such an agreement might be efficient. More specifically, the paper...

Analysing various arrangements of intercountry trade, this paper investigates the impact of exchange rate risk on production and expected trade. It addresses the question how a mean-preserving spread of the exchange rate distribution effects strategic aspects of different trading arrangements....