Welfare improving barter in imperfect competition

Preprint, Research English OPEN
CRESTI, Barbara;
(2002)
  • Subject: Social Welfare | Barter, Imperfect Competition, Social Welfare | Imperfect Competition | Barter
    • jel: jel:D21 | jel:D61 | jel:L12

This paper offers a rationale for the development of the barter industry in industrialized economies. It argues that, in a context of imperfect competition, barter represents a profitable and efficient system of exchange. Thanks to barter, even if already at the optimum... View more
  • References (23)
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