Quantifying Efficiencies (Chapter 1)
(see Information Currency, the New Green, by Virginia Robertson, 2018, pp. 74–76 accessible at www.ruffintrading.com/InformationCurrency.html)
To analyze the efficiency of transactions that are enabled by barter, there are two sets of Analysis necessary. One study would hold the variable of increased transactions based on Barter. A second study would quantify the efficiencies based on increased or decreased transactions due to a trade/barter environment.
In the first study, we consider the following transactions and compare:
Where Vendor1= (X) and Vendor2 = (Y),
Transaction 1: “unnatural”
X →$Y and Y→$X
Compares to:
Transaction 2: “natural”
X→Y and Y→X
(We will explain shortly why one transaction ...
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