Strategic Behavior in Whiskey Distilling, 1887-1895
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چکیده
منابع مشابه
Did the Trusts Have Market Power? Evidence from Distilling, 1881-1898
During the late nineteenth and early twentieth century, the American economy was transformed by the emergence of trusts and other large combinations. There is little scholarly consensus as to how these combinations affected consumer prices, and whether they exercised market power. In this paper, we provide direct evidence on the market power of the Whiskey Trust, which dominated the production ...
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