Banking on the King: The Evolution of the Royal Revenue Farms in Old Regime France

@article{Johnson2006BankingOT,
  title={Banking on the King: The Evolution of the Royal Revenue Farms in Old Regime France},
  author={Noel D. Johnson},
  journal={The Journal of Economic History},
  year={2006},
  volume={66},
  pages={963-991}
}
  • Noel D. Johnson
  • Published 2006
  • Economics
  • The Journal of Economic History
  • �The writing and allocation of French tax farm contracts changed dramatically after the Fronde (1648 阂1653): they were gradually transformed from small, competitively auctioned, units into a large cartel known as the Company of General Farms. Surprisingly, the crown 鈂s revenues increased. I present a transaction cost argument to explain the behavior of tax farm lease prices as tax farming changed during the seventeenth century. Cartelization of tax farms lowered costs faced by the crown. The… CONTINUE READING

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