Subject category:
Economics, Politics and Business Environment
Published by:
INSEAD
Length: 37 pages
Data source: Field research
Share a link:
https://casecent.re/p/8342
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
The case describes the development of the petrochemical industry in Europe, the major European competitors, global demand and supply conditions, attempts at industry re-structuring and self-regulation. It takes stock of the industry in 1994 as it is poised to enter another period of investing. The case allows an analysis of: (1) the forces driving over-capacity in industries; (2) the different regional and institutional approaches to deal with over-capacity; and (3) the ''tragedy of the commons'' in dealing with over-capacity.
About
Abstract
The case describes the development of the petrochemical industry in Europe, the major European competitors, global demand and supply conditions, attempts at industry re-structuring and self-regulation. It takes stock of the industry in 1994 as it is poised to enter another period of investing. The case allows an analysis of: (1) the forces driving over-capacity in industries; (2) the different regional and institutional approaches to deal with over-capacity; and (3) the ''tragedy of the commons'' in dealing with over-capacity.