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- Coincidence_of_wants abstract "The coincidence of wants problem (often \"double coincidence of wants\") is an important category of transaction costs that impose severe limitations on economies lacking a medium of exchange (such as money), which have to rely on barter or other in-kind transactions. The problem is caused by the improbability of the wants, needs, or events that cause or motivate a transaction occurring at the same time and the same place. One example is the bar musician who is \"paid\" with liquor or food, items which his landlord will not accept as rent payment, when the musician would rather have a month's shelter. If, instead, the musician's landlord were to throw a party and desire music for it, hiring the musician to play it by offering the month's rent in exchange, a coincidence of wants would exist.In-kind transactions have several limitations, most notably timing constraints. If you wish to trade fruit for wheat, you can only do this when the fruit and wheat are both available at the same time and place (and, additionally, only if someone wishes to trade wheat for fruit). That may be a very brief time, or it may be never. With a medium of exchange you can sell your fruit when it is ripe and take the medium of exchange; then use that to buy wheat when it is harvested, without the need for a coincidence of wants. Besides barter, other kinds of in-kind transactions also suffer from the coincidence of wants problem in the absence of a medium of exchange. For example, when wealth is transferred during marriage, divorce, inheritance, and other crucial life events, or during the collection of taxes or tribute, it is improbable that this event will coincide with the recipient's desire for the commodities the payer can readily obtain. All of these transactions require an improbable coincidence of wants and events.William Stanley Jevons and Ross M. Starr use the term 'double coincidence of wants' for the same concept.".
- Coincidence_of_wants wikiPageExternalLink money.txt.
- Coincidence_of_wants wikiPageExternalLink jvnMME.html.
- Coincidence_of_wants wikiPageID "2256295".
- Coincidence_of_wants wikiPageLength "2874".
- Coincidence_of_wants wikiPageOutDegree "13".
- Coincidence_of_wants wikiPageRevisionID "682477955".
- Coincidence_of_wants wikiPageWikiLink Barter.
- Coincidence_of_wants wikiPageWikiLink Carl_Menger.
- Coincidence_of_wants wikiPageWikiLink Category:Commerce.
- Coincidence_of_wants wikiPageWikiLink Category:Economics_terminology.
- Coincidence_of_wants wikiPageWikiLink Category:Monetary_economics.
- Coincidence_of_wants wikiPageWikiLink Journal_of_Political_Economy.
- Coincidence_of_wants wikiPageWikiLink Medium_of_exchange.
- Coincidence_of_wants wikiPageWikiLink Nobuhiro_Kiyotaki.
- Coincidence_of_wants wikiPageWikiLink Randall_Wright.
- Coincidence_of_wants wikiPageWikiLink Ross_Starr.
- Coincidence_of_wants wikiPageWikiLink Transaction_cost.
- Coincidence_of_wants wikiPageWikiLink William_Stanley_Jevons.
- Coincidence_of_wants wikiPageWikiLinkText "Coincidence of wants".
- Coincidence_of_wants wikiPageWikiLinkText "coincidence of wants".
- Coincidence_of_wants wikiPageWikiLinkText "double coincidence of wants".
- Coincidence_of_wants wikiPageUsesTemplate Template:Check.
- Coincidence_of_wants wikiPageUsesTemplate Template:Economics_sidebar.
- Coincidence_of_wants subject Category:Commerce.
- Coincidence_of_wants subject Category:Economics_terminology.
- Coincidence_of_wants subject Category:Monetary_economics.
- Coincidence_of_wants hypernym Category.
- Coincidence_of_wants type TelevisionStation.
- Coincidence_of_wants comment "The coincidence of wants problem (often \"double coincidence of wants\") is an important category of transaction costs that impose severe limitations on economies lacking a medium of exchange (such as money), which have to rely on barter or other in-kind transactions. The problem is caused by the improbability of the wants, needs, or events that cause or motivate a transaction occurring at the same time and the same place.".
- Coincidence_of_wants label "Coincidence of wants".
- Coincidence_of_wants sameAs Q4116377.
- Coincidence_of_wants sameAs تزامن_الاحتياجات.
- Coincidence_of_wants sameAs Koinzidenz_von_Bedürfnissen.
- Coincidence_of_wants sameAs m.06zpt7.
- Coincidence_of_wants sameAs موافقت_طلب.
- Coincidence_of_wants sameAs Q4116377.
- Coincidence_of_wants wasDerivedFrom Coincidence_of_wants?oldid=682477955.
- Coincidence_of_wants isPrimaryTopicOf Coincidence_of_wants.