Communities of Competitors: Open Price Associations and the American State, 1911–1929

Abstract

Recent comparative studies in Western industrialization have discovered a variety of economic “governance structures” between competitive markets and corporate hierarchies. Such “associative” forms of enterprise pose both a descriptive and an evaluative problem to students of capitalist development. Can business cooperate, or does a single competitor who hopes to do better by cheating undermine all associative agreements? Suppose cooperation is possible: can it be accomplished to improve products and production processes, rather than merely to redistribute wealth from consumers to business?