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 22
... operate against the public interest ; but the power to do so is there.3 The Coalition Government pledged itself to seek powers to inform itself of the extent and effectiveness of restrictive agreements and combinations . Appropriate ...
... operate against the public interest ; but the power to do so is there.3 The Coalition Government pledged itself to seek powers to inform itself of the extent and effectiveness of restrictive agreements and combinations . Appropriate ...
Page 28
... operated emphasized the importance of the export trade to the wellbeing of the British economy . In the late 1920s a further committee was established to investigate the economic effects of resale price maintenance.3 The two inquiries ...
... operated emphasized the importance of the export trade to the wellbeing of the British economy . In the late 1920s a further committee was established to investigate the economic effects of resale price maintenance.3 The two inquiries ...
Page 33
... operate in the national interest . In particular they encouraged high prices , wide distributive margins , excessive provision of services , and an unduly low rate of technical development in the industry . In reaching these conclusions ...
... operate in the national interest . In particular they encouraged high prices , wide distributive margins , excessive provision of services , and an unduly low rate of technical development in the industry . In reaching these conclusions ...
Page 38
... operated effectively did so less because rationalization lowered unit production costs than because consolidation augmented producer control over the price level . During the inter - war years public attitudes towards rationalization ...
... operated effectively did so less because rationalization lowered unit production costs than because consolidation augmented producer control over the price level . During the inter - war years public attitudes towards rationalization ...
Page 53
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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