The Sugar Institute Learns to Organize Information Exchange

David Genesove and W. Mullin

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: This paper describes information exchange under the Sugar Institute, the trade association of U.S. domestic sugar cane refiners, between 1928 and 1936. The Institute collected production and delivery data from the individual firms and returned i t to them in aggregated form. Attempts to exchange sales data were stymied by the larger firms. Surprisingly, there is no indication of misreporting of statistics by Institute members, although statistics were, at times, withheld. The paper concentrates o n the evolution of the Institute. Proposals for successor organizations show that a workable mechanism required greater discretion to the central authority and greater voting right to the larger firms.

Keywords: INFORMATION; TRADE; SUGAR (search for similar items in EconPapers)
JEL-codes: D21 D83 (search for similar items in EconPapers)
Pages: 36 pages
Date: 1997
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Citations: View citations in EconPapers (5)

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Chapter: The Sugar Institute Learns to Organize Information Exchange (1999)
Working Paper: The Sugar Institute Learns to Organize Information Exchange (1997)
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