The paradox of scrap and the European steel industry’s loss of leadership (1950–1970)
Bibliographic Data
| ID | 8420069 |
|---|---|
| Authors | Pablo Díaz-Morlán (0000-0003-0724-9231, Applied Economic Analysis, University of Alicante, Alacant, Spain, corresponding author), Miguel A Sáez-García (0000-0003-4365-7080, Applied Economic Analysis, University of Alicante, Alacant, Spain) |
| Year | 2023 |
| Volume | 65 |
| Issue | 4 |
| Pages | 740-761 |
| Publication date | 2023-05-19 |
| 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 | 10.1080/00076791.2020.1820988 |
| OpenAlex | W3089235765 |
| Language | EN |
| Citations received | 1 |
| References cited | 21 |
According to Neil Rollings and Laurent Warlouzet, the historical analysis of the European competition policy has been a priority in the research on institutions but the reaction of companies to these policies has received less attention. This study highlights the importance of analyzing how public policies affect business strategies in innovation. More specifically, how the policy adopted by the High Authority of the ECSC regarding the scrap market influenced the strategies implemented by the steelmakers in the innovation of their production processes. The High Authority banned exports and established maximum prices and a system to equalise internal prices with import prices. This policy was considered a success by both institutions and companies. It decisively influenced the scrap price to be maintained at affordable levels in Europe. But this success in resolving the scrap problem created a larger one as it delayed innovation. This was the scrap paradox suffered by Europe
Business · Competition (biology · Economics · Industrial organization · Market economy · Microeconomics · Production (economics · Scrap · Italy: Economic History and Contemporary Issues
Manufacturing Possibilities
The Reconstruction of Western Europe, 1945-51
Coal, Steel, and the Rebirth of Europe, 1945–1955
How Japan Innovates
The frontier of national sovereignty
The history of the High Authority of the European Coal and Steel Community
Business history and European integration
The European response to the challenge of the Japanese steel industry (1950–1980)
Industry Structure as a Competitive Advantage
The Emergence of New Competitor Nations in the European Steel Industry
Business and State in the development of the steel industry in Spain and Italy (c.1880–1929)
Coal and Steel in Western Europe
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2021 - 2021 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |