Alcoa
The Influence of Recycling on Monopoly Power
Bibliographic Data
| ID | 10183055 |
|---|---|
| Authors | Peter L Swan (0000-0001-8406-2564, corresponding author) |
| Year | 1980 |
| Volume | 88 |
| Issue | 1 |
| Pages | 76-99 |
| Publication date | 1980-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260848 |
| OpenAlex | W2002122935 |
| Language | EN |
| Citations received | 6 |
| References cited | 8 |
Puzzle 1: Was Judge Hand correct in his celebrated judicial opinion that Alcoa's monopoly in "virgin" aluminum provided indirect control over "secondary" production? Answer: Estimates based on three models suggest that the "procompetitive" effect of recycling was largely offset by a reduction in virgin production in anticipation of future conversion into secondary. Thus, Hand's judgment appears sound. Puzzle 2: Is it in Alcoa's own interests to suppress recycling of scrap aluminum if feasible? Answer: If current users show that they value the future use of the product by selling scrap to merchants, then Alcoa is likely to value the recycling market also. If users discard scrap which is subsequently scavenged, then Alcoa is likely to be harmed by such activity
Anticipation (artificial intelligence · Business · Economics · Microeconomics · Monopoly · Physics · Power (physics · Production (economics · Scrap · Value (mathematics · Computer Science · Engineering · Extraction and Separation Processes
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| Unique citing works | 6 |
|---|---|
| Citations per year | 0,26 |
| Citation span | 2003 - 2023 (21) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |