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see exchangeexchange,
mutual transfer of goods, money, services, or their equivalents; also the marketplace where such transfer occurs, such as a stock exchange or a commodity exchange (see commodity market).
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in civil law, one of the forms of contract whereby the parties exchange property for other property. After the barter contract is executed, each of the parties loses the right of ownership to the property transferred and acquires that right to the property received. The similarity between the barter contract, which involves the compensated transfer of ownership of property, and the contract of sale and purchase means that many of the rules relating to the contract of sale and purchase can be applied to the barter contract (a procedure established in Soviet legislation).

Barter originated as a primitive form of commodity exchange but was supplanted by sale and purchase and has generally become insignificant. Under Soviet law the barter contract usually is concluded between citizens, but it may also be made between cooperative and other public organizations. A barter contract involving state organizations may be concluded in cases specifically envisioned by the laws of the USSR and the Union republics.


trade by the exchange of goods
References in periodicals archive ?
m] = [delta] = 0 in Equation 14, the second term on the RHS vanishes, and we obtain the result in KR, namely, that in a barter economy a proportional reduction in tariffs leads to a higher increase in welfare than a proportional coordinated tariff-tax reform that keeps consumer prices unchanged.
As shown by Keen and Ligthart (2002) and Emran (2005), in a barter economy a reform that involves a reduction in exporting taxes holding producer prices unchanged increases welfare and revenue.
For example, the MRS between leisure and the importable good is equal to w/[(1 + [phi])q], where w is the wage rate, whereas in a barter economy it is equal to w/q.
Kreickemeier and Raimondos-Moller (2008) have shown, within a barter economy, that coordinated tariff-tax reforms are less efficient to improve market access and welfare than reforms that involve only tariffs.
Finally, in a small monetary economy with quota distortions, growth can be immiserizing, contrary to findings by Alam [1] in the context of a barter economy.
The problem of double coincidence of wants caused by the lack of a commonly accepted medium of exchange is one of the central problems of a barter economy.
This leads to discussions on the multiplicity of prices in a barter economy.
One shortcoming of the experiment for the purpose of demonstrating the limitations of a barter economy is the fact that the students eventually make enough exchanges to have a balanced meal, although some of the exchanges are complicated and often involve three or four groups of students and five to eight commodities.
A lucrative barter economy hinges on fluid buying and selling," Edelhart said.
I'm excited about the opportunity to join the company and build a large-scale barter economy," Ray said.