TRADE AND INDUSTRIAL ORGANISATION: JAPANESE AMMONIUM SULPHATE INDUSTRY IN THE INTERWAR PERIOD

Autor:	Anil Khosla
Rok vydání:	2006
Předmět:	Economics and Econometrics History business.industry Interwar period International economics Chemical industry Diffusion of technology Domestic market Economies of scale Supply and demand Oligopoly Market economy Economics Market power business
Zdroj:	Australian Economic History Review. 46:1-22
ISSN:	1467-8446 0004-8992
DOI:	10.1111/j.1467-8446.2006.00149.x
Popis:	Trade is considered an effective antidote to the exercise of domestic market power. This article, through an analysis of the structure, conduct and performance of the Japanese ammonium sulphate industry during the interwar period, shows that trade is not always a sufficient condition for domestic markets to become competitive. In industries exhibiting substantial economies of scale, availability and diffusion of technology, existence of surplus international capacity and the ability of domestic producers to deter imports can impede instantaneous adjustment of international supply to imbalances in demand and supply thereby allowing domestic producers to exercise their market power.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3e9403c6bbeeae8b663390e8e7f8c3d3 https://doi.org/10.1111/j.1467-8446.2006.00149.x Zobrazit plný text záznamu Plný text ve formátu PDF