IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-33194-6_6.html
   My bibliography  Save this book chapter

Cartel as a Business Network

In: Beyond Market and Hierarchy

Author

Listed:
  • Kwan Man Bun

Abstract

As Jiuda adapted its campaign of creative destruction against the revenue farming system, overcapacity and chaotic, if not wasteful, bargaining price wars among the refineries led to adoption of further restrictive strategies. Not unlike other entrepreneurs in China then and elsewhere confronting similar issues, the refineries resorted to collusion for collective survival. 1 Beginning with a local ad hoc collaboration, the salt refineries’ efforts culminated in the establishment of the National Salt Refineries Board (Jingyan zonghui, hereafter NSRB) in 1926. Using agreements to limit production, pool sales, coordinate pricing, and with elaborate compliance rules, as well as lobbying with the government to impose barriers of entry against new refineries, they learned how to manage the market through cartelization from 1926 to 1934.

Suggested Citation

  • Kwan Man Bun, 2014. "Cartel as a Business Network," Palgrave Macmillan Books, in: Beyond Market and Hierarchy, chapter 5, pages 77-93, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33194-6_6
    DOI: 10.1057/9781137331946_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-33194-6_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.