Restrained Trade: Cartels in Japan's Basic Materials Industries - Hardcover

Tilton, Mark

 
9780801430992: Restrained Trade: Cartels in Japan's Basic Materials Industries
Hardcover
ISBN 10: 0801430992 ISBN 13: 9780801430992
Publisher: Cornell University Press, 1996

Synopsis

While Americans enjoy competitive prices for products imported from Japan, Japanese consumers often pay high prices for the same goods. How do Japanese industries manage to export heavily, keep prices high at home, and limit cheap imports into their own markets?
Trade associations play a key role in Japan's political economy, Mark Tilton argues. They provide informal market governance that maintains high domestic prices and in some cases directly blocks foreign-made commodities.
Tilton profiles the cement, aluminum, steel, and petrochemical industries. He contends that informal producer cartels enjoy considerable legitimacy among and cooperation from downstream users, such as the automotive and electronics industries. Manufacturers accept the high costs and informal import restrictions as a necessary part of the price for maintaining strong domestic suppliers.
Restrained Trade provides an original, thorough, and careful basic anatomy of important Japanese market practices: post-sales pricing and price adjustment, industrywide price formulas, refusals to deal, market versus big-buyer prices, and preferences for products from Japanese-owned plants overseas.

"synopsis" may belong to another edition of this title.

About the Author

Mark Tilton is Assistant Professor of Political Science at Purdue University.

From the Back Cover

While Americans enjoy competitive prices for products imported from Japan, Japanese consumers often pay high prices for the same goods. How do Japanese industries manage to export heavily, keep prices high at home, and limit cheap imports into their own markets? Trade associations play a key role in Japan's political economy, Mark Tilton argues. They provide informal market governance that maintains high domestic prices and in some cases directly blocks foreign-made commodities. Tilton profiles the cement, aluminum, steel, and petrochemical industries. He contends that informal producer cartels enjoy considerable legitimacy among and cooperation from downstream users, such as the automotive and electronics industries. Manufacturers accept the high costs and informal import restrictions as a necessary part of the price for maintaining strong domestic suppliers. Restrained Trade provides an original, thorough, and careful basic anatomy of important Japanese market practices: post-sales pricing and price adjustment, industrywide price formulas, refusals to deal, market versus big-buyer prices, and preferences for products from Japanese-owned plants overseas.

"About this title" may belong to another edition of this title.

Publisher
Cornell University Press
Publication date
1996
Language
English
ISBN 10 
0801430992
ISBN 13 
9780801430992
Binding
Hardcover
Number of pages
256