Abstract
Modern domestic barter systems are operating in Australia at the local community level, and at the national level for business exchanges. The Australian Government, and Australian firms practise countertrade at the international level. These exchange regimes appear to have become institutionalised in an economic system which is organised on the primacy of market exchange based on price as the co-ordinating device. In this paper, possible explanations for this enigma are presented.
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Keywords
- Transaction Cost
- Internal Labour Market
- International Technology Transfer
- Monetary Exchange
- High Income Economy
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Liesch, P., Hill, R.S., Birch, D. (2015). 13.6 Pricing and Countertrade (Pricing & Barter): Contemporary Issues in Pricing. In: Grant, K., Walker, I. (eds) Proceedings of the 1995 World Marketing Congress. Developments in Marketing Science: Proceedings of the Academy of Marketing Science. Springer, Cham. https://doi.org/10.1007/978-3-319-17311-5_32
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