Standard Oil as a Technological Innovator

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Standard Oil as a Technological Innovator

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Title: Standard Oil as a Technological Innovator
Author: Scherer, Frederic Michael
Citation: Scherer, F.M. 2011. Standard Oil as a Technological Innovator. HKS Faculty Research Working Paper Series RWP11-008, John F. Kennedy School of Government, Harvard University
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Abstract: A century ago, in 1911, the U.S. Supreme Court issued its path-breaking decision in the monopolization case against the Standard Oil Companies. Standard pleaded inter alia that its near-monopoly position was the result of superior innovation, citing in particular the Frasch-Burton process for refining the high-sulphur oil found around Lima, Ohio. This paper examines the role of Hermann Frasch in inventing and developing the desulphurization process, showing that Standard failed to recognize his inventive genius when he was its employee and purchased his rights and services only after he had applied the technique in his own Canadian company.
Published Version: http://web.hks.harvard.edu/publications/workingpapers/citation.aspx?PubId=7619
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:4686409
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