The British Monopolies Commission
This book is a key example of the emergence of public choice theory by an economist who was to become one of its major exponents. It combines a detailed, critical study of the Monopolies Commission, with an analysis of the economic issues involved in monopoly supervision and control.
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PART II THE MONOPOLIES COMMISSION
PART III TRADE ASSOCIATION INQUIRIES
PART IV THE DOMINANT FIRM
PART V STATISTICAL MEASURES OF ECONOMIC PERFORMANCE
PART VII CONCLUSIONS AND RECOMMENDATIONS
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action activities argued assets Board of Trade British Match Corporation British Oxygen Company cable calico printing capital employed cent cigarette and tobacco Commission’s Committee common price Company’s competition competitors concerned criticized difﬁculty dominant ﬁrm Dunlop economic Economist efﬁciency eﬂiciency Electric eliminate examined existing export favour Federation ﬁgures ﬁnance ﬁnancial ﬁnd ﬁrst Fisons ﬁxed ﬂuctuations Gallaher Government Imperial Chemical Industries Imperial Tobacco Company important industry inﬂuenced inquiry investigation investment justiﬁed Labour lamp manufacturers market dominance market sharing ment mergers minimum price Monopolies Commission obtain operated organization patent period powers price agreements price discrimination price ﬁxing agreements price system proﬁt public interest purchase rate of return recommended reduced reﬂect relating relevant Report resale price maintenance Restrictive Practices Court result return on capital scheme Section signiﬁcant speciﬁed suppliers supply tion trade associations tyre undertakings unit production costs United Kingdom valuation