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Collusion and combines in Canada, 1880–1890
Scandinavian Economic History Review Pub Date : 2019-10-22 , DOI: 10.1080/03585522.2019.1679246
Vincent Geloso 1
Affiliation  

ABSTRACT It is a little-known fact that Canada adopted its own antitrust law one year before the landmark Sherman Antitrust Act of 1890. The Anti-Combines Act of 1889 (‘the Act’) was adopted after a decade in which ‘combines’ (the Canadian equivalent of ‘trusts’) had grown more numerous. From the combines’ numbers, Canadian historians, legal scholars, and economists have inferred that consumer welfare was hindered. However, price and output evidence has never been marshalled to provide even a first step towards assessing the veracity of this inference. This paper undertakes that task. I highlight the fact that the output from industries accused of collusion increased faster than national output in the decade before the passage of the Act and that their prices accordingly fell faster than the national price index. I argue that these findings militate for the position that the origins of Canada's Anti-Combines Act were partially rooted in rent-seeking processes similar to those that American scholars have found driving the Sherman Antitrust Act of 1890.

中文翻译:

1880年至1890年在加拿大的勾结和合并

摘要一个鲜为人知的事实是,加拿大在1890年具有里程碑意义的《谢尔曼反托拉斯法》颁布前一年通过了自己的反托拉斯法。1889年的《反联合法》(以下简称“该法”)在十年后才通过, (相当于加拿大的“信托”)的数量已经增长了很多。从联合收割机的数量来看,加拿大历史学家,法律学者和经济学家已经推断出消费者福利受到了阻碍。但是,价格和产出证据从未被整理过,甚至无法提供评估此推论准确性的第一步。本文承担了这一任务。我强调一个事实,即在该法通过之前的十年中,被指控共谋的行业的产出增长速度快于国民生产,因此其价格下降速度快于全国价格指数。
更新日期:2019-10-22
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