G2TT
来源类型Discussion paper
规范类型论文
来源IDDP673
DP673 Tying, Risk-Sharing, and `Lock-In': An Investigation of Countertrade Contracts
Dalia Marin
发表日期1992-06-30
出版年1992
语种英语
摘要The paper sees countertrade - the tying of trade flows - as an insurance contract that mitigates contractual hazards and reduces the incentive for ex post `hold-up' when parties are `locked' in a relationship after they have made specific investment. This way tying is seen as a commitment device against renegotiation during contract execution when investments are sunk. Moreover, tying is seen as an institutional setting that is effective in securing technology spillovers from developed countries to Eastern Europe (PCPEs) and LDCs. Based on a sample of 230 countertrade contracts signed between firms in OECD countries and PCPEs and LDCs in the period 1984-8, this view of countertrade is found to be consistent with the data.
主题International Trade and Regional Economics
关键词Contract theory Countertrade Eastern europe Trade policy
URLhttps://cepr.org/publications/dp673
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529829
推荐引用方式
GB/T 7714
Dalia Marin. DP673 Tying, Risk-Sharing, and `Lock-In': An Investigation of Countertrade Contracts. 1992.
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