Exclusive Dealing and the Whiskey Trust, 1890-1895
Bibliographic Data
| ID | 4761201 |
|---|---|
| Authors | Werner Troesken (University of Pittsburgh, corresponding author) |
| Year | 1998 |
| Volume | 58 |
| Issue | 3 |
| Pages | 755-778 |
| Publication date | 1998-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s002205070002115x |
| OpenAlex | W2028085640 |
| Language | EN |
| Citations received | 3 |
| References cited | 25 |
This article uses the history of the Whiskey Trust to explore the competitive effects of vertical restraints such as exclusive dealing. The Whiskey Trust distilled alcoholic spirits and bribed distributors not to carry competing brands of spirits. For the Whiskey Trust, exclusive dealing was an ineffective predatory strategy. Despite the trust's market dominance and manifold predatory strategies, it failed to preempt entry. The trust failed, in part, because its rivals could vertically integrate at low cost. Competition disciplined the trust more effectively than did numerous antitrust suits
Business · Competition (biology) · Dominance (genetics) · Economics · Industrial organization · Law and economics · Microeconomics · American History and Culture · Economic Theory and Institutions · Historical Economic and Social Studies · Marketing
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2002 - 2023 (22) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |