Cartels and norms in the Swedish steel industry 1923–1953
Bibliographic Data
| ID | 8418992 |
|---|---|
| Authors | Birgit Karlsson (University of Gothenburg, corresponding author) |
| Year | 2016 |
| Volume | 58 |
| Issue | 7 |
| Pages | 1077-1094 |
| Publication date | 2016-10-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2016.1156086 |
| OpenAlex | W2323160481 |
| Language | EN |
| Citations received | 2 |
| References cited | 11 |
This article discusses the reasons for cartel stability by using the Swedish Steel Casting Cartel as an example. Previous research points out organisational structure and the ability to deal with exit entry and cheating as crucial for stability. In this article, the development of social norms, morally legitimised within the cartel, is discussed as a possible explanation for cartel stability. The organisational structure developed was flexible enough to deal with problems of exit entry and cheating. The discussions on quotas and prices led to a common view on fair prices. The conclusion is that the organisational structure can partly explain why the Steel Casting Group was relatively stable but that there are indications that the development of common social norms related to the value of fairness was also an important explanatory factor
Business · Cartel · Casting · Cheating · Collusion · Economics · Industrial organization · Law and economics · Market economy · Value (mathematics · Computer Science · Corporate Finance and Governance · Economic Theory and Institutions · Merger and Competition Analysis
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 2 |