Efficient Transactors or Rent-Seeking Monopolists? The Rationale for Early Chartered Trading Companies

Efficient Transactors or Rent-Seeking Monopolists? The Rationale for Early Chartered Trading Companies

Jones and Simon argue that there is no specific evidence to support Ann M. Carolos and Stephen Nicholas' hypothesis that vertically integrated organization enjoyed lower costs than individual traders such as joint-stock chartered companies in the 17th century.

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Veröffentlicht in:The Journal of economic history 1996-12, Vol.56 (4), p.898-915
Hauptverfasser: Jones, S. R. H., Ville, Simon P.
Format: Artikel
Sprache:eng
Schlagworte:
Business organization
Business structures
Consumer goods industries
Economic history
Freight
History
History of trade
International trade
Joint stock companies
Merchants
Monopolies
Monopoly
Multinational corporations
Multinational enterprises
Notes and Discussions
Opportunistic behavior
Trade
Transaction costs
Vertical integration
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Beschreibung
Zusammenfassung:Jones and Simon argue that there is no specific evidence to support Ann M. Carolos and Stephen Nicholas' hypothesis that vertically integrated organization enjoyed lower costs than individual traders such as joint-stock chartered companies in the 17th century.
ISSN:0022-0507
1471-6372
DOI:10.1017/S0022050700017514