Rent seeking or market strengthening? Industry associations in New Zealand wool broking

被引:1
作者
Ville, Simon [1 ]
机构
[1] Univ Wollongong, Fac Commerce, Sch Econ, Wollongong, NSW, Australia
关键词
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper builds on recent conceptual work about associations that is drawn from the new institutional economics. It uses evidence from New Zealand wool broking to indicate the circumstances in which industry associations can operate effectively and in the broader public interest. Through their strong associative capacity and effective specialization of function, wool-broking industry associations developed flexible routines for managing wool auctions, mediated disputes, mitigated opportunism, addressed major market disruptions, and served as a communication channel with government. External pressures and monitoring from other business interests, governments, and a competitive wool market constrained rent-seeking behavior, preventing members from benefiting at the expense of others.
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页码:297 / 321
页数:25
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