Nikolaus Fink
Formation and Adaptation of the Sugar Cartel in Austria–Hungary
WIFO Working Papers, 2016, (508), 57 Seiten
Online seit: 08.01.2016 0:00
This paper studies the legal sugar cartel in Austria–Hungary in 1891-1914. I analyse the cartel formation prior to 1891 that was enabled by an excise tax. The cartel started with simple annual quotas and – despite breakdowns – learned to adapt to inventory demand, entry, internal coordination problems and lowered import protection. Detailed qualitative evidence on the inner workings and prices, opportunity costs and sales data on a monthly basis are discussed. The success of the cartel at subsequent stages is evaluated.
Keywords:Cartels, Collusion, Sugar Industry, Storage
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie