A History of the Pan‐pacific Coal Trade From the 1950s to 2011
Exploring the Long‐term Effects of a Buying Cartel
Bibliographic Data
| ID | 20436652 |
|---|---|
| Authors | Bradley Bowden (0000-0002-5459-9915, Griffith University, corresponding author) |
| Year | 2012 |
| Volume | 52 |
| Issue | 1 |
| Pages | 1-24 |
| Publication date | 2012-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Australian Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0004-8992 • E-ISSN: 1467-8446 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-8446.2012.00338.x |
| OpenAlex | W1898592103 |
| Language | EN |
| References cited | 29 |
Since the early 1960s, the Pan‐Pacific coal trade has underpinned East Asia's industrial development. While the genesis of this trade lay in investment decisions by United States‐based companies that pioneered exports from Australian and western Canadian mines, its development was largely shaped by the strategies of the Japanese steel mills who acted as a buying cartel. By the early 1980s, this cartel had engineered an oversupplied market characterised by constantly falling prices. By 2001, however, this strategy proved counterproductive, as exports of coking coal in particular were concentrated in the hands of an oligopoly of super‐efficient producers that drove up prices
Business · Cartel · Coal · Collusion · Economics · Economy · Geography · Industrial organization · International trade · Investment (military) · Market economy · Oligopoly · Political science · Politics · Global trade and economics · Global trade, sustainability, and social impact
The genesis of modern management
What Determines Cartel Success?
The Rise and Decline of an International Zinc and Lead Cartel, 1945–75
Capitalism, Socialism and Democracy
A Very British Phenomenon? Industrial Politics and the Decline of the Japanese Coal Mining Industry Since the 1950s
Multilateral Contracting in Australian Mining
Collusion in Ocean Shipping
Collusive Bidder Behavior at Single-Object Second-Price and English Auctions
Cheap Coals or Limitation of the Vend? The London Coal Trade, 1770–1845
Primary Commodities in International Trade
Market power in the London coal trade
Anthracite Coal and the Beginnings of the Industrial Revolution in the United States
The Steel Manufacturers' Nickel Syndicate Ltd., 1904–39
Serious cartel conduct, criminalisation and evidentiary standards
The Ruhr
The Coalminers of New South Wales
| Citation velocity | historical |
|---|---|
| Highly cited | No |