Publisher's Synopsis
Excerpt from Barter in Networks: A Revived Form of Inter-Firm Exchange
Firms frequently enter network type relationships such as strategic alliances and partnerships to barter difficult-to - price goods like technical know-how, market understanding, and management practices. The paper proposes that barter of difficult-to-price goods is easier to realize than a money-based exchange as long as the double coincidence of wants is given. Under such circumstances, barter requires decisions of less cognitive complexity than are necessary in the context of a money based exchange system. Networks support barter through allowing temporal separation of transactions, facilitating identification of transaction possibilities, and establishing mechanisms to enforce cooperative behavior. The barter-supporting role of networks complements other explanations for the existence of networks. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
