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Contestants, Profiteers, and the Political Dynamics of Marketization
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Contestants, Profiteers, and the Political Dynamics of Marketization: How Shareholders gained Control Rights in Britain, Germany, and France

Helen Callaghan


When two parties quarrel, the third rejoices, according to a well-known proverb. This book highlights the role of rejoicing “profiteers” in political efforts to expand market-based competition. Marketization appears puzzling if it is conceptualized as a political struggle between the established incumbents and their challengers, or between producers and consumers. Challengers and consumers often lack the resources to overcome barriers to market entry, and collective action problems afflict both groups. Why, then, do incumbents fail to protect their turf? The present book resolves this puzzle b ... More

Keywords: Germany, France, United Kingdom, policy feedback, path dependence, corporate governance, takeover regulation, hostile bids, varieties of capitalism, commonalities of capitalism

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780198815020
Published to Oxford Scholarship Online: January 2018 DOI:10.1093/oso/9780198815020.001.0001


Affiliations are at time of print publication.

Helen Callaghan, author
Senior Research Fellow, Max Planck Institute for the Study of Societies

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