| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5765 |
| 来源ID | Working Paper 5765 |
| Non-Monetary Exchange Within Firms and Industry | |
| Canice Prendergast; Lars A. Stole | |
| 发表日期 | 1996-09-01 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper considers why non-monetary means of exchange, such as barter and the reciprocation of favors, are chosen by firms despite the usual benefits of monetary transactions. We consider the chosen means of exchange when both monetary and non-monetary exchange mechanisms are available. We illustrate three potential reasons for the emergence of non-monetary trade. First, a willingness to barter may reveal information that cannot be revealed solely through monetary trade. Second, non-monetary trade may constrain the ability of agents to engage in inefficient rent-seeking activities. Finally, non-monetary trade improves the ability of agents to impose trade sanctions on those who act dishonestly. We consider a number of applications of each of these ideas. |
| 主题 | Microeconomics ; Economics of Information ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w5765 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563253 |
| 推荐引用方式 GB/T 7714 | Canice Prendergast,Lars A. Stole. Non-Monetary Exchange Within Firms and Industry. 1996. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5765.pdf（1515KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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