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| Author: | McWilliams, A. Keith, K. |
| Title: | The genesis of the trusts: rationalisation in empty core markets |
| Journal: | International Journal of Industrial Organization
1994 : JUN, VOL. 12:2, p. 245-267 |
| Index terms: | TRUSTS USA RATIONALISATION |
| Language: | eng |
| Abstract: | Motivated by the desire to understand the origin of the great consolidation movement at the turn of the last century , this paper examines the unique history of the American trusts and proposes a new interpretation of the motives and consequences of these consolidations. It is hypothesized that the same demand and supply conditions that made multiplant organization more efficient in these industries also made it impossible to obtain in a competitive environment. |
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