The British Monopolies CommissionThis 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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Page 28
... examination of these issues would be beneficial . The later inter - war industrial inquiry examined in this section2 was initiated against a rather different background . During the 1920s the British economy failed to achieve the ...
... examination of these issues would be beneficial . The later inter - war industrial inquiry examined in this section2 was initiated against a rather different background . During the 1920s the British economy failed to achieve the ...
Page 30
... examine witnesses . The tribunal would also have acted in an advisory capacity . Remedial action stemming from its recommendations would have rested with the Board of Trade.2 The Balfour Committee , however , retreated from the position ...
... examine witnesses . The tribunal would also have acted in an advisory capacity . Remedial action stemming from its recommendations would have rested with the Board of Trade.2 The Balfour Committee , however , retreated from the position ...
Page 31
Charles K. Rowley. October 1945 to examine the structure and performance of the cotton industry . Its report in 1946 stressed the difficult problems of readjustment which confronted the industry . The Committee recommended that a Central ...
Charles K. Rowley. October 1945 to examine the structure and performance of the cotton industry . Its report in 1946 stressed the difficult problems of readjustment which confronted the industry . The Committee recommended that a Central ...
Page 34
... examined already . In the last analysis one must assess the policies of any political party by what it does rather than by what it states it would have liked to do , or by reference to selected speeches of its representatives ...
... examined already . In the last analysis one must assess the policies of any political party by what it does rather than by what it states it would have liked to do , or by reference to selected speeches of its representatives ...
Page 36
... examined , should be allowed a specified annual dividend payment and additions to this dividend should be conditional upon lowering 1 Final Report of the Cost of Living ( London , 1921 ) , pp . 199 , et seq . prices ; thus the consumer ...
... examined , should be allowed a specified annual dividend payment and additions to this dividend should be conditional upon lowering 1 Final Report of the Cost of Living ( London , 1921 ) , pp . 199 , et seq . prices ; thus the consumer ...
Contents
15 | |
PART II THE MONOPOLIES COMMISSION | 49 |
PART III TRADE ASSOCIATION INQUIRIES | 107 |
PART IV THE DOMINANT FIRM | 191 |
PART V STATISTICAL MEASURES OF ECONOMIC PERFORMANCE | 261 |
ECONOMIC CONSEQUENCES | 321 |
PART VII CONCLUSIONS AND RECOMMENDATIONS | 369 |
APPENDICES | 379 |
CLASSIFIED BIBLIOGRAPHY | 384 |
INDEX | 389 |
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Common terms and phrases
accepted accounted action activities advantages agreements allowed argued arrangements assets Board of Trade British British Oxygen cable capacity capital cent changes Commission's Committee common companies competition completely concerned conclusions considerable considered cost Court criticized demand detailed dominant firm economic effective efficiency Electric eliminate established evidence examined excess existing export Federation field Government Group Imperial Tobacco important increase independent indicated individual industry inquiry instances investment involved issues legislation less limited lower majority manufacturers Match measure ment Monopolies Commission obtain operated organization parties period plant pointed possible powers practices prevent price fixing price system problems production profit public interest purchase rate of return reasonable recommended reduced reference relating Report respect Restrictive result return on capital scale scheme selected share supply tion trade associations undertakings United