Wellhausen and Dr. Barter
نویسندگان
چکیده
منابع مشابه
Barter models ∗
This paper presents a family of models that involve a pair of actors that aim at bartering the goods from two privately owned pools of heterogeneous goods. The barter can occur only once or can be a repeated process with possibilities of retaliation and can involve either a single good or a basket of goods from each actor. We are indeed going to examine both the basic symmetric model (one-to-on...
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This essay analyzes the circumstances under which a barter system based on merchants and centralized markets dominates an unstructured primitive barter system. For that purpose, we set up a spatial general equilibrium model where exchange is costly. In an unstructured barter system, as population increases, the transaction costs may become cumbersome and the cost of trade expansion surpasses it...
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We examine a search money model in which there is a symmetric coincidence of wants in all barter matches. However, when bargaining outcomes are asymmetric across matches, the barter economy is inefficient. Then a robust monetary equilibrium exists provided that money holders enjoy adequate bargaining terms. Fiat money may be welfare improving. In contrast to the literature, it is the asymmetry ...
متن کاملIterative barter models
The paper presents two models of iterative barter where two players (A and B) aim at exchanging a pair of items without sharing any common scale of evaluation nor any common numerary good as the money. An item may be either a good or a chore (i. e. a bad) or a service of some kind and may “belong” to either players. In the first model every player proposes to the other a pair of items in an alt...
متن کاملAdditive Barter Models *
The paper presents some models involving a pair of actors that aim at bartering the goods from two privately owned pools of heterogeneous goods. In the models we discuss in the paper the barter can occur only once and can involve either a single good or a basket of goods from each actor/player. In the paper we examine both the basic symmetric model (one-to-one barter) as well as some other vers...
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ژورنال
عنوان ژورنال: The Expository Times
سال: 1896
ISSN: 0014-5246,1745-5308
DOI: 10.1177/001452469600700905