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| Tekijä: | Amann, E. Marin, D. |
| Otsikko: | Risk-sharing in international trade:an analysis of countertrade |
| Lehti: | Journal of Industrial Economics
1994 : MAR, VOL. 42:1, p.63-77 |
| Asiasana: | INTERNATIONAL TRADE RISK MARKET CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | Countertrade agreements in international trade refer to a trade practice in which an exporter agrees to purchase back commodities proportional to his original export sale in the future. The paper provides a rationale for why such an agreement might be efficient. More specifically, the paper argues that countertrade represents a rational response to market incompleteness by allowing the forward selling of commodities where no organized future market exists. |
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