Formation and Adaptation of the Sugar Cartel in Austria–Hungary
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 proble...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Working Papers |
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| Format: | paper |
| Sprache: | Englisch |
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2016
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| Zusammenfassung: | 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. |
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