publication . Other literature type . Article . 1986

Economic Incentives for Countertrade

Rolf Mirus; Bernard Yeung;
Open Access
  • Published: 01 Sep 1986
  • Publisher: Springer Science and Business Media LLC
Abstract
This paper examines countertrade using standard economic theory. We show that in many circumstances countertrade is a rational response transaction costs, information asymmetry, moral hazard-agency problems, and other market imperfections. This paper also integrates countertrade into international business theories. Some preliminary hypotheses, that may be empirically testable after refinement, are developed.© 1986 JIBS. Journal of International Business Studies (1986) 17, 27–39
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Subjects
free text keywords: Management of Technology and Innovation, Strategy and Management, Economics and Econometrics, General Business, Management and Accounting, Business and International Management, Economics, International business, Countertrade, Industrial organization, Incentive, Organizational culture, Information asymmetry, Market economy, Transaction cost
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