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State, cartels and growth: The German Chemical Industry - Lion Hirth
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Lion Hirth:

State, cartels and growth: The German Chemical Industry - neues Buch

7, ISBN: 9783638829670

ID: 166819783638829670

This paper provides an analysis of the German chemical industry during the 'Second Industrial Revolution' of the late 19th and the early 20th century. It is modeled after Steven Webb's (1980) article on the iron and steel industry. Here it is argued that the exceptional growth and success of the industry - chemicals were the fastest growing industry in Germany and by 1890 German firms held 85% world market share in dyestuff production - was supported by a high degree of market con-centration and This paper provides an analysis of the German chemical industry during the 'Second Industrial Revolution' of the late 19th and the early 20th century. It is modeled after Steven Webb's (1980) article on the iron and steel industry. Here it is argued that the exceptional growth and success of the industry - chemicals were the fastest growing industry in Germany and by 1890 German firms held 85% world market share in dyestuff production - was supported by a high degree of market con-centration and cartelization. This enabled the firms to gain large economies of scale and scope through backward integra-tion and product diversification. Dynamic efficiency gains were mainly achieved by relaxing credit constraints, reducing uncertainty, and allocate investment more efficiently. It is further argued that state action played a crucial role in setting up and stabilizing cartels. This analysis is in line with a Schumpeterian view of welfare-enhancing effects of imperfect competi-tion. While these findings obviously do not question anti-trust policy per se, they do question a mechanical view on market structure that is common in much mainstream economic thinking. Adult, Social & Cultural Studies, State, cartels and growth: The German Chemical Industry~~ Lion Hirth~~Adult~~Social & Cultural Studies~~9783638829670, en, State, cartels and growth: The German Chemical Industry, Lion Hirth, 9783638829670, GRIN Verlag, 07/23/2007, , , , GRIN Verlag, 07/23/2007

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State, cartels and growth: The German Chemical Industry
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2007, ISBN: 9783638829670

ID: 9783638829670

Research Paper aus dem Jahr 2007 im Fachbereich Wirtschaft - Wirtschafts- und Sozialgeschichte, Note: 1,0, Veranstaltung: European Economic History, 64 Eintragungen im Literaturverzeichnis, Sprache: Englisch, Abstract: This paper provides an analysis of the German chemical industry during the "Second Industrial Revolution" of the late 19th and the early 20th century. It is modeled after Steven Webb's (1980) article on the iron and steel industry. Here it is argued that the Research Paper aus dem Jahr 2007 im Fachbereich Wirtschaft - Wirtschafts- und Sozialgeschichte, Note: 1,0, Veranstaltung: European Economic History, 64 Eintragungen im Literaturverzeichnis, Sprache: Englisch, Abstract: This paper provides an analysis of the German chemical industry during the "Second Industrial Revolution" of the late 19th and the early 20th century. It is modeled after Steven Webb's (1980) article on the iron and steel industry. Here it is argued that the exceptional growth and success of the industry - chemicals were the fastest growing industry in Germany and by 1890 German firms held 85% world market share in dyestuff production - was supported by a high degree of market con-centration and cartelization. This enabled the firms to gain large economies of scale and scope through backward integra-tion and product diversification. Dynamic efficiency gains were mainly achieved by relaxing credit constraints, reducing uncertainty, and allocate investment more efficiently. It is further argued that state action played a crucial role in setting up and stabilizing cartels. This analysis is in line with a Schumpeterian view of welfare-enhancing effects of imperfect competi-tion. While these findings obviously do not question anti-trust policy per se, they do question a mechanical view on market structure that is common in much mainstream economic thinking. EBooks, Books, State-cartels-and-growth~~Lion-Hirth, , , , , , , , , ,, [PU: Grin-Verlag, München ]

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State, cartels and growth: The German Chemical Industry - Lion Hirth
Vergriffenes Buch, derzeit bei uns nicht verfügbar.
(*)
Lion Hirth:
State, cartels and growth: The German Chemical Industry - neues Buch

ISBN: 9783638829670

ID: 127780

This paper provides an analysis of the German chemical industry during the Second Industrial Revolution of the late 19th and the early 20th century. It is modeled after Steven Webbs (1980) article on the iron and steel industry. Here it is argued that the exceptional growth and success of the industry - chemicals were the fastest growing industry in Germany and by 1890 German firms held 85% world market share in dyestuff production - was supported by a high degree of market con-centration and cartelization. This enabled the firms to gain large economies of scale and scope through backward integra-tion and product diversification. Dynamic efficiency gains were mainly achieved by relaxing credit constraints, reducing uncertainty, and allocate investment more efficiently. It is further argued that state action played a crucial role in setting up and stabilizing cartels. This analysis is in line with a Schumpeterian view of welfare-enhancing effects of imperfect competi-tion. While these findings obviously do not question anti-trust policy per se, they do question a mechanical view on market structure that is common in much mainstream economic thinking.[PU:GRIN Verlag], [PU: Grin-Verlag, München ]

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State, cartels and growth: The German Chemical Industry - Hirth, Lion
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Hirth, Lion:
State, cartels and growth: The German Chemical Industry - neues Buch

2007, ISBN: 3638829677

ID: 9783638829670

In englischer Sprache. Verlag: GRIN Verlag, PC-PDF, 56 Seiten, 1., Auflage, [GR: 9789 - Nonbooks, PBS / Wirtschaft/Sonstiges], [SW: - Volkswirtschaft, Finanzen, Betriebswirtschaft und Management], [Ausgabe: 1][PU:GRIN Verlag], [PU: Grin-Verlag, München ]

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State, Cartels And Growth: The German Chemical Industry - Lion Hirth
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Lion Hirth:
State, Cartels And Growth: The German Chemical Industry - neues Buch

ISBN: 9783638829670

ID: 9783638829670

State, Cartels And Growth: The German Chemical Industry:, GRIN Verlag

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