Formation and Adaptation of the Sugar Cartel in Austria–Hungary

Nikolaus Fink

No 508, WIFO Working Papers from WIFO

Abstract: 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; Storage; Sugar Industry (search for similar items in EconPapers)
Pages: 57 pages
Date: 2016-01
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2016:i:508

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