'Cartels and internalisation in the eighteenth century copper industry' in J Brown & M Rose (eds), Entrepreneurship, Networks and Modern Business

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  • Name Competition, collusion, monopoly & cartels inc competition policy & regulation

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In a comprehensive and extensively referenced essay, deals with cartels in the British copper industry and the 'battle for supremacy', 1779-87, between Thomas Williams as a new entrant, through his exploitation of a large new copper deposit on Anglesey operated by the Parys Mine Co, and the incumbent copper smelting companies. Provides: an overview of the structural characteristics of the copper smelting industry in the 18th century; a detailed exploration of the conflict between Williams and the established smelters to the collapse of the cartel in 1787; and draws conclusions about the nature of cartels