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Competition and Collusion

In: An Economist’s Guide to Economic History

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  • Alexander Donges

    (University of Mannheim)

Abstract

The preservation of competitive markets is a major cornerstone of modern economic policy. Cartels and anti-competitive practices are restricted, and competition authorities control mergers to avoid the excessive accumulation of market power. This chapter demonstrates that historical evidence is important to understand why cartels arise and how they work. It argues that the study of historical cartels from periods before the introduction of effective competition laws is necessary to understand how competition affects innovation and growth in the long run.

Suggested Citation

  • Alexander Donges, 2018. "Competition and Collusion," Palgrave Studies in Economic History, in: Matthias Blum & Christopher L. Colvin (ed.), An Economist’s Guide to Economic History, chapter 21, pages 175-183, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-96568-0_21
    DOI: 10.1007/978-3-319-96568-0_21
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    More about this item

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative

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