Abstract

http://ssrn.com/abstract=1019786
 
 

References (51)



 
 

Citations (1)



 


 



Cost Accounting in Early Regulated Markets: The Case of the Royal Soap Factory of Seville (1525-1692)


Salvador Carmona


Instituto de Empresa

Rafael Donoso Anes


University of Seville

October 2003

Instituto de Empresa Business School Working Paper No. WP03-16

Abstract:     
Regulated markets and state-owned monopolies characterized the economies of many Southern European territories around the end of the Middle Ages and during the Renaissance. Although this economic form was of considerable importance in implementing public policy at the time, investigation into the functioning of cost accounting in such contexts has been consistently neglected in accounting research. In this paper, we examine the role of cost systems in early regulated markets by focusing on the case of the soap production and distribution monopoly in the City of Seville, Spain. In 1423, the King of Castille granted the soap monopoly to the Duke of Alcalá as a reward for his war achievements, but pricing decisions rested in the hands of the local government. Disputes between the Duke of Alc alá and the local government (the parties) about the fair price of a pound of soap were negotiated after the development of tests that replicated the soap production process and determined its cost through complex calculations.

Number of Pages in PDF File: 28

Keywords: Institutional Sociology, Regulated Markets, Early Cost Accounting, Spain

working papers series


Download This Paper

Date posted: October 14, 2007  

Suggested Citation

Carmona, Salvador and Anes, Rafael Donoso, Cost Accounting in Early Regulated Markets: The Case of the Royal Soap Factory of Seville (1525-1692) (October 2003). Instituto de Empresa Business School Working Paper No. WP03-16. Available at SSRN: http://ssrn.com/abstract=1019786 or http://dx.doi.org/10.2139/ssrn.1019786

Contact Information

Salvador Carmona (Contact Author)
Instituto de Empresa ( email )
Pinar 15, 1
Madrid, 28006
Spain
917451377 (Phone)
Rafael Donoso Anes
University of Seville ( email )
Contabilidad y Economia Financiera
E-41092 Sevilla
Spain
Feedback to SSRN


Paper statistics
Abstract Views: 987
Downloads: 166
Download Rank: 103,460
References:  51
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.360 seconds