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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP673 |
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 |
URL | https://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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