G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/h0049
来源IDHistorical Working Paper 0049
Vertical Restraints in the Bromine Cartel: The Role of Distributors in Facilitating Collusion
Margaret Levenstein
发表日期1993-07-01
出版年1993
语种英语
摘要From 1885 to 1902 manufacturers and distributors in the American bromine industry cooperated to increase prices and profits. Like many sectors of the American economy at the time, the bromine industry was made up a large number of small manufacturers and a small number of national distributors. The manufacturers agreed to pool their output and sell only to two distributors. The distributors accumulated excess inventories rather than let the market price fall, but then used those inventories as a threat to deter cheating and new entry. Industry participants designed contracts to balance fluctuations in the costs and benefits from cheating. These contracts succeeded in stabilizing collusion until the entry of new, vertically integrated, mass production firm led to its demise.
主题Industrial Organization ; Market Structure and Firm Performance ; History ; Other History
URLhttps://www.nber.org/papers/h0049
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/561762
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GB/T 7714
Margaret Levenstein. Vertical Restraints in the Bromine Cartel: The Role of Distributors in Facilitating Collusion. 1993.
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