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A Holy Alliance: Collusion in the Renaissance Europe Alum Market

Author

Listed:
  • Andrea Günster
  • Stephen Martin

Abstract

On June 11, 1470, representatives of Pope Paul II and Ferdinand, King of Naples concluded a cartel agreement to restrict competition in the sale of alum. The agreement was one element of a broader plan to monopolize the sale of alum throughout Christendom. We discuss the background of the cartel agreement and analyze its terms (which include arrangements to facilitate detection of and reduce the profitability of defection) and the constraints that limited, but did not eliminate, Rome’s ability to extract economic profit from the European alum market. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Andrea Günster & Stephen Martin, 2015. "A Holy Alliance: Collusion in the Renaissance Europe Alum Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(1), pages 1-23, August.
    • Handle: RePEc:kap:revind:v:47:y:2015:i:1:p:1-23
    DOI: 10.1007/s11151-015-9465-0
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    References listed on IDEAS

    as
    1. Elaine S. Tan, 2009. "Market structure and the coal cartel in early nineteenth‐century England1," Economic History Review, Economic History Society, vol. 62(2), pages 350-365, May.
    2. de Roover, Raymond, 1946. "The Medici Bank Financial and Commercial Operations," The Journal of Economic History, Cambridge University Press, vol. 6(2), pages 153-172, November.
    3. G. C. Allen, 1954. "Monopoly and Competition in the United Kingdom," International Economic Association Series, in: Edward H. Chamberlin (ed.), Monopoly and Competition and their Regulation, pages 88-109, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cartels; Collusion; Alum; D43; L13; L61; N53; N83;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
    • N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913

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