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"Barter"
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Rufus the writer
Rather than a lemonade stand, Rufus sets up a story stand one summer and makes a series of trades with his friends--a story for a shell, for a kitten, for a surprise, and one more as a special birthday gift for his sister.
Book
Social Exchange
Money occupies a powerful place in our lives - it is a problem, a
goal, and motivator, a measure of self-worth and national progress,
and even an influence on how we relate to each other and to nature
- but what happens when communities start to reinvent money and
markets? Over the last twenty-five years, grassroots activists in
Medellín, Colombia, have used barter markets and community
currencies as one strategy to re-weave a social fabric shredded by
violence and to establish an economy founded on respect and
reciprocity rather than exploitation. In Social Exchange ,
Brian J. Burke provides a deep ethnographic investigation of this
activism and its effects. This story draws us into the cultural and
material effects of capitalism and narco-violence, while also
helping us understand what new radical imaginations look like and
how people bring them to life. The result is an intimate glimpse of
urban life in Latin America, as well as a broader analysis of
non-capitalist or post-capitalist possibility.
eBook
The seventeenth swap
Having no money, a boy begins a series of swaps to get the child he babysits for a pair of cowboy boots.
Book
The Value of Reciprocity in Online Barter Markets
This study empirically examines online peer-to-peer (P2P) barter markets, in which individuals trade goods or services without the use of money. Using detailed transaction data and weblog data from a leading online P2P barter market for books, we examine the role of reciprocal relationships in the initiation and fulfillment of exchanges. We find that avid users with a higher demand for books are more likely to establish and utilize reciprocal relationships compared to non-avid users. In examining the value of reciprocal relationships, we find that the use of reciprocal relationships provides significant value throughout the entire market exchange process. First, reciprocal relationships enable an avid user to find new books and new exchange partners through exploratory browsing, which lowers her search costs. Second, browsing reciprocal partners enables an avid user to discover books in new topics, despite that reciprocal partners share similar book tastes with the user. Finally, reciprocal relationships help improve the exchange outcome through lower rejection rates and faster delivery speeds. Our findings provide important insights into the role of reciprocal relationships in facilitating exchanges in online markets and provide useful implications for the design of decentralized online P2P markets.
Journal Article
On Matching and Thickness in Heterogeneous Dynamic Markets
We study dynamic matching in an infinite-horizon stochastic market. Although all agents are potentially compatible with each other, some are hard to match and others are easy to match. Agents prefer to be matched as soon as possible, and matches are formed either bilaterally or indirectly through chains. We adopt an asymptotic approach and compute tight bounds on the limit of waiting time of agents under myopic policies that differ in matching technology and prioritization. We find that when hard-to-match agents arrive less frequently than easy-to-match ones, (i) bilateral matching is almost as efficient as chains (waiting times scale similarly under both, though chains always outperform bilateral matching by a constant factor), and (ii) assigning priorities to hard-to-match agents improves their waiting times. When hard-to-match agents arrive more frequently, chains are much more efficient than bilateral matching, and prioritization has no impact. Furthermore, somewhat surprisingly, we find that in a heterogeneous market and under bilateral matching, increasing the arrival rate of hard-to-match agents has a nonmonotone effect on waiting times. This behavior is in contrast with that of a homogeneous dynamic market, where increasing arrival rate always improves waiting time, and it highlights fundamental differences between heterogeneous and homogeneous dynamic markets.
Journal Article
Hans in luck : a Grimm and gross retelling
In this humorous adaptation of the Grimm fairy tale, \"lucky\" Hans Pumpernickel takes the gold brick which is his payment for seven years of work and heads home, but finding it too heavy to carry he trades it for a horse--and through a series of encounters and trades he ultimately ends up with nothing at all, but remains convinced that he is the luckiest man alive.
Book
Mercados prehispánicos en el área maya: Algunas precisiones históricas, lingüísticas y etnográficas
Datos históricos, lingüísticos y etnográficos muestran que, cuando se utilizan para apoyar la existencia de mercados durante la época prehispánica en el área maya, demandan una interpretación más cautelosa y crítica. En este trabajo se argumenta que fue hasta finales del período posclásico cuando las plazas funcionaron exclusivamente como lugares de mercado de forma cotidiana, ya que antes de ese período las plazas fueron los espacios donde se celebraron numerosos eventos sociales donde también ocurrió un intercambio de mercado, aunque de manera periódica. Además, ciertos términos económicos del lenguaje maya sugieren que transacciones de compra y venta, así como el intercambio por trueque, canje o permuta, pudieron haberse utilizado desde el período preclásico en esos acuerdos económicos. Ambos tipos de transacción forman parte de los intercambios de mercado y, en este artículo, se profundiza en la explicación de cómo pudo haber operado el trueque o canje, tomando en cuenta que, hasta hoy día, la permuta de bienes y/o servicios continúa jugando un papel importantísimo en las transacciones económicas que se realizan en diferentes mercados de México. Un tercer tema analizado en el presente artículo se enfoca en mercaderes quienes concurrían o reunían con otros mercaderes en “puertos francos” o centros de comercio o trasbordo para el intercambio de mercancías, ya sea por trueque o por compra y venta. Estos mercaderes parecen haber sido proveedores de productos que pudieron haber vendido al por mayor a otros mercaderes, o bien, los vendieron a otros comerciantes quienes a su vez realizaron ventas al por menor.
Journal Article
Swap!
A peg-legged youngster uses his bartering skills to trade for sails, anchors, a ship's wheel, and other necessary supplies to fix a ship--and makes a friend in the process.
Book
Social Exchange
Money occupies a powerful place in our lives - it is a problem, a
goal, and motivator, a measure of self-worth and national progress,
and even an influence on how we relate to each other and to nature
- but what happens when communities start to reinvent money and
markets? Over the last twenty-five years, grassroots activists in
Medellín, Colombia, have used barter markets and community
currencies as one strategy to re-weave a social fabric shredded by
violence and to establish an economy founded on respect and
reciprocity rather than exploitation. In Social Exchange ,
Brian J. Burke provides a deep ethnographic investigation of this
activism and its effects. This story draws us into the cultural and
material effects of capitalism and narco-violence, while also
helping us understand what new radical imaginations look like and
how people bring them to life. The result is an intimate glimpse of
urban life in Latin America, as well as a broader analysis of
non-capitalist or post-capitalist possibility.
eBook