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Barter with Intermediate Exchange of Goods

  • Guido K. Schaefer

Abstract

This chapter prepares the ground for the analysis of advanced transaction technologies by developing a barter model with intermediate exchange of goods. If there exists a lack of double coincidence of needs and wants, barter implies that at least some traders have to acquire goods temporarily which they do not actually desire. Accepting goods in exchange which an agent does not actually desire for trading them against the desired goods is called intermediate exchange of goods.7

Keywords

Trading Volume Equilibrium Price Equilibrium Strategy Equilibrium Path Excess Supply 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Guido. K. Schaefer 2005

Authors and Affiliations

  • Guido K. Schaefer
    • 1
  1. 1.Vienna University of Economics and Business AdministrationAustria

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