The Trauma of Competition


Ralf Banken
  • Speaker
Faculty of Philosophy and Historical Sciences, Goethe University Frankfurt

Event Information

Type
Research Seminar
Programme
Finance
Date
Mon. 14 Sep. 2009
Contact
Time
12:00-13:30 hours
E-mail
Location
Mandeville Building T3-42
Number


Abstract

The Trauma of Competition
The entry of Air Products into the British market in industrial gases and the end of the British Oxygen Company (BOC) monopoly, 1947-1970.
 
The British Oxygen Company (BOC) had a virtual monopoly on the supply of industrial gases (e.g. oxygen and acetylene) on the British market through the 1950s, when it was finally challenged by an American-based company, Air Products. Air Products Limited (APL) was able to undercut BOCs position, overcoming high barriers to entry to gain significant market share in this sector, which shares some features of network industries. Factors in this success included conditions imposed by the Board of Trade, APL's innovations, BOC's slow response, and favourable market conditions. APL's success had implications for the internationalisation of the industrial gases industry.
 
The Business History Seminar has been made possible by financial support from the Erasmus Research Institute of Management (ERIM) and the Vereniging Trustfonds Erasmus Universiteit Rotterdam.
 
Contact information:
 
Abe de Jong Ben Wubs
Email Email
 
Abe de Jong
Professor of Corporate Finance and Corporate Governance
  • Coordinator
Ben Wubs
Ben Wubs
Associate Professor at Erasmus School of History, Culture and Communication
  • Coordinator