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Bad Beer and Beer Debts: Asymmetries of Information, Trade Credit, and Brewers Guilds in Early Modern Holland

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dc.contributor.author Yntema, Richard
dc.date.accessioned 2012-12-10T20:01:44Z
dc.date.available 2012-12-10T20:01:44Z
dc.date.issued 2012 en_US
dc.identifier.uri https://hdl.handle.net/10535/8598
dc.description.abstract "This case study of the brewers guilds in Haarlem and Rotterdam during the seventeenth century argues that these guilds worked together in conjunction with the town magistrates to develop and enforce rules or property rights that solved negative externalities and collective action problems in financial and product markets. Guild rules were means of resolving conflicts between the brewers by structuring property rights. In Haarlem and Rotterdam, the guilds established the principle of exclusive dealing to eliminate negative inter-brand externalities and to reduce the risks that brewers and the towns faced in over-extending credit to customers and in 'dumping' beer. Simultaneously, the brewers guild rules realized the limits of exclusive dealing. Thus, guild rules also allowed the restructuring and renegotiation of contracts and regulated the transfer of customers between brewers. As shown in this paper, initial research suggests that guild and municipal authorities enforced these rules during the seventeenth century." en_US
dc.language English en_US
dc.subject information en_US
dc.subject institutions en_US
dc.subject property rights en_US
dc.subject collective action--history en_US
dc.title Bad Beer and Beer Debts: Asymmetries of Information, Trade Credit, and Brewers Guilds in Early Modern Holland en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.type.methodology Case Study en_US
dc.coverage.region Europe en_US
dc.coverage.country Netherlands en_US
dc.subject.sector History en_US
dc.subject.sector Social Organization en_US
dc.identifier.citationconference Design and Dynamics of Institutions for Collective Action: A Tribute to Prof. Elinor Ostrom, Second Thematic Conference of the IASC en_US
dc.identifier.citationconfdates 29 November - 1 December en_US
dc.identifier.citationconfloc Utrecht University, Utrecht, the Netherlands en_US


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