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Multinational Monopolies and International Cartels

In: The Economic Theory of the Multinational Enterprise

Author

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  • Mark Casson

Abstract

Cartels have received little attention in the theoretical literature on the multinational enterprise (MNE). This is surprising because of their important historical role in the evolution of the MNE (Wilkins, 1970, 1974). The relation between MNEs and international cartels is complex. In some industries cartels have been superceded by MNEs, while in others the two coexist. The collective behaviour of the members of a cartel often resembles that of a horizontally integrated MNE. Yet different MNEs are often members of the same cartel, and a multi-product MNE may belong to several cartels (see Reader, 1970, and Teichova, 1974).

Suggested Citation

  • Mark Casson, 1985. "Multinational Monopolies and International Cartels," Palgrave Macmillan Books, in: The Economic Theory of the Multinational Enterprise, chapter 4, pages 60-97, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-05242-4_4
    DOI: 10.1007/978-1-349-05242-4_4
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