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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP7205 |
DP7205 Can Contracts Solve the Hold-Up Problem? Experimental Evidence | |
Patrick W. Schmitz; Eva Hoppe-Fischer | |
发表日期 | 2009-03-08 |
出版年 | 2009 |
语种 | 英语 |
摘要 | Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration after 1929. The period saw the unravelling of a great many of the integration gains of the 1870-1913 period. While increased transport costs certainly help to explain the wartime disintegration, they cannot explain the post-1929 increase in trade costs. Protectionism seems the most likely alternative candidate. |
主题 | International Trade and Regional Economics |
关键词 | Commodity markets Deglobalization Disintegration Great depression Interwar economy Trade |
URL | https://cepr.org/publications/dp7205 |
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/536040 |
推荐引用方式 GB/T 7714 | Patrick W. Schmitz,Eva Hoppe-Fischer. DP7205 Can Contracts Solve the Hold-Up Problem? Experimental Evidence. 2009. |
条目包含的文件 | 条目无相关文件。 |
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