Marin, Dalia; Kaufmann, Daniel; Gorochowskij, Bogdan - William Davidson Institute, University of Michigan - 2000
In this paper we survey the common explanations of barter in transition economies and expose them to detailed survey data on 165 barter deals in Ukraine in 1997. The evidence does not support the notion that soft budget constraints, lack of restructuring, or that the virtual economy are the...
