Uncertainty, the lemon problem, asymmetric information and countertrade: An economic perspective

Journal of Transnational Management Development

Volumn 5, Issue 1, 2000, Pages 3-32

  Yavas, Burhan Fatih ^a   Freed, Rodney ^a   Vardiabasis, Demos ^b  

^a CALIFORNIA STATE UNIVERSITY   (United States)

^b PEPPERDINE UNIVERSITY   (United States)

Author keywords

Asymmetric information; Countertrade; Uncertainty

Indexed keywords

EID: 70349825567     PISSN: 10686061     EISSN: None     Source Type: Journal    
DOI: 10.1300/J130v05n01_02     Document Type: Article

References (35)

1. Akerlof, G. (1970). “The Market for Lemons, Quality Uncertainty and the Market Mechanism,” Quarterly Journal of Economics, Vol. 84. pp. 488-500.
2. Alexandrides, C. and Bowers, B. (1987). Countertrade: Practices, Strategies and Tactics. New York: Wiley.
3. Beltramo, M. (1986). “Technology Transfer Risks and Benefits.” Countertrade and Barter Quarterly, (Autumn), pp. 57-62.
4. Bilici, H. and Yavas, B.F. (1992). “Countertrade: A Reaction to Liquidity Shortage.” Paper presented at IMDA meeting, Halifax. Canada, April 9-12.
5. Business International (B.I) Special Report. (1986). “Market Guide to Middle East Countertrade.” London: Author.
6. Caves, R.E. and Marin, D. (1992). “Countertrade Transactions: Theory and Evidence,” The Economic Journal,(September), pp. 1171-1183.
7. Clio, K. (1987). “Using Countertrade as a Competitive Management Tool.” Management International Review, Vol. 27. No. 3. pp. 50-58.
8. DeMarines, R. (1985). “U.S. Corporations' Involvement in Countertrade: Results of the U.S. ITC Survey,” Countertrade and Barter Quarterly, Winter, pp. 48-51.
9. Dunning, J.H. (1995). “What's Wrong-And Right-With Trade Theory?” The International Trade Journal. Vol. 9. No. 2. pp. 163-202.
10. Economist. (1985. October 5). “Under the Countertrade,” Monetary Reform Survey, pp. 19.
11. Elderkin, Iv. and Norquist, W. (1987). Creative Countertrade, Cambridge: Ballinger.
12. Girling, R.H. (1992). “Does Countertrade Have a Place in a Strategy for Economic Development.” Paper presented at the Pacific Asia Management Institute, Hawaii. Jan 5-9.
13. Harbin, P. (1984 Fall). “Offset: An Analytical Model.” Countertrade and Barter Quarterly, pp. 39-49.
14. Hennart, J. (1990). “Some Empirical Dimensions of Countertrade.” Journal of International Business Studies, Vol. 21, No. 2. pp. 243-270.
15. Holmstrom, B. (1979). “Moral Hazard and Observability,” The Bell Journal of Economics. Vol. 10. No. 1. pp. 74-91.
16. Holmstrom, B. & Milgrom, P. (1987). “Aggregation and Linearity in the Provision of Intertemporal Incentives.” Econometrica, Vol. 55. No. 2. pp. 303-328.
17. Howard, A. & Yeakel, J.A. (1990). “Who Wins in International Countertrade?”, Financial Executive, (January-February), pp. 48-52.
18. Huszagh, S.M. & Barksdale, H.C. (1986). “International Barter and Countertrade,” Intrnl Marketing Review, pp. 7-19.
19. Kogut, B., (1986). “On Designing Contracts to Guarantee Enforceability: Theory and Evidence from East-West Trade.” JIBS, 17. 1. pp. 47-62.
20. Korth, C. (1987). Liternational Countertrade. New York: Quorum Books.
21. Lecraw, D. (1989). “Management of Countertrade: Factors Influencing Success.” JIBS, Vol. 20. No. 1. pp. 41-59.
22. Miramon, J. (1986). “Countertrade: An Illusory Solution,” OECD.
23. Mirus, R. and Yeung, B. (1993). “Why Countertrade? An Economic Perspective.” The International Trade Journal Vol. 8. No. 2. pp. 409-433.
24. Mirus, R. and Yeung, B., (1987). “Countertrade and Foreign Exchange Shortages: A Preliminary Investigation.” Weltwirtschaftliches Archiv, Vol. 123. No. 3. pp. 31-36.
25. Mirus, R. and Yeung, B. (1986). “Economic Incentives for Countertrade,” JIBS (Fall) 17 (3). 27-39.
26. Neale, C.W. and Sercu, P. (1993). “Countertrade in Domestic and International Markets.” The International Trade Journal, Vol. 8. No. 4. pp. 271-294.
27. Park, J.H. (1990). “The U.S. Trade Deficit: An Appraisal,” Business Economics, (April), pp. 69-76.
28. Rabino, S. and Shah, K. (1987). “Countertrade and Penetration of LDC's Markets.” Columbia Journal of World Business, (Winter), pp. 31-37.
29. Spence, M. (1973). “Time and Communication in Economic and Social Interaction.” Quarterly Journal of Economics, Vol. 87. pp. 651-660.
30. Van Hoof. L., (1991). “The Transformation in Eastern Europe and Its Influence on Countertrade,” in K. Fatemi (Ed.) International Trade and Finance in the 1990s, ITFA Proceedings, pp. 843-859.
31. Vardiabasis, D. and Yavas, B.F. (1986). “The Role of Countertrade in Marketing in the Pacific Basin,” in R.T. Hsieh and S.A. Scherling (Ed.) Proceedings of the Academy of International Business, (pp. 128-134) Taiwan, 1 (June 26-28).
32. Vardiabasis, D. (1985). “Countertrade: New Ways of Doing Business.” Business to Business, May. pp. 17-19.
33. Verzariu, P. (1987). “Developing a Corporate Strategy.” Countertrade and Barter, (April-May). pp. 33-37.
34. Verzariu, P. (1985). Countertrade, Barter and Offsets: New Strategies for Profit in International Trade, McGraw Hill.
35. Verzariu, P. (1984). International Countertrade, A Guide for Managers and Executives. U.S. Department of Commerce.