EconPapers    
Economics at your fingertips  
 

Collusion and combines in Canada, 1880–1890

Vincent Geloso

Scandinavian Economic History Review, 2020, vol. 68, issue 1, 66-84

Abstract: It is a little-known fact that Canada adopted its own antitrust law one year before the landmark Sherman Antitrust Act of 1890. The Anti-Combines Act of 1889 (‘the Act’) was adopted after a decade in which ‘combines’ (the Canadian equivalent of ‘trusts’) had grown more numerous. From the combines’ numbers, Canadian historians, legal scholars, and economists have inferred that consumer welfare was hindered. However, price and output evidence has never been marshalled to provide even a first step towards assessing the veracity of this inference. This paper undertakes that task. I highlight the fact that the output from industries accused of collusion increased faster than national output in the decade before the passage of the Act and that their prices accordingly fell faster than the national price index. I argue that these findings militate for the position that the origins of Canada's Anti-Combines Act were partially rooted in rent-seeking processes similar to those that American scholars have found driving the Sherman Antitrust Act of 1890.

Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/03585522.2019.1679246 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:sehrxx:v:68:y:2020:i:1:p:66-84

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/sehr20

DOI: 10.1080/03585522.2019.1679246

Access Statistics for this article

Scandinavian Economic History Review is currently edited by Espen Ekberg and Francisco Beltran Tapia

More articles in Scandinavian Economic History Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2021-03-28
Handle: RePEc:taf:sehrxx:v:68:y:2020:i:1:p:66-84