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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Results 1-5 of 81
Page 21
... profit . During the eighteen 1 Report of the War Cabinet for 1918. ( Quoted by A. C. Pigou , Aspects of British Economic History , 1918-25 , p . 121. ) 2 November 16 , 1918 . The 1948 Act itself made no direct impact upon the THE ...
... profit . During the eighteen 1 Report of the War Cabinet for 1918. ( Quoted by A. C. Pigou , Aspects of British Economic History , 1918-25 , p . 121. ) 2 November 16 , 1918 . The 1948 Act itself made no direct impact upon the THE ...
Page 25
... reduced capacity should be allowed as business expenses in assessing profit . Thus the general financial policy of Government supported the rationalization process . A detailed analysis THE HISTORICAL BACKGROUND 1914-48 25.
... reduced capacity should be allowed as business expenses in assessing profit . Thus the general financial policy of Government supported the rationalization process . A detailed analysis THE HISTORICAL BACKGROUND 1914-48 25.
Page 32
... profits within the industry had not been excessive in 1945 - indeed the rate of return on capital in that year had only averaged 6 per cent . This factor played a significant role in inducing a favourable conclusion on the price system ...
... profits within the industry had not been excessive in 1945 - indeed the rate of return on capital in that year had only averaged 6 per cent . This factor played a significant role in inducing a favourable conclusion on the price system ...
Page 35
... profit on capital and on turnover , and should report on other matters including the market dominance of the organization and any agreements upon prices or output entered into by the organization . Where the evidence compiled by the ...
... profit on capital and on turnover , and should report on other matters including the market dominance of the organization and any agreements upon prices or output entered into by the organization . Where the evidence compiled by the ...
Page 36
... profits and prices . In addition , a Consumer's Council should be instituted , which would consider the statistical evidence provided by the Department , and make appropriate recommendations to the Government concerning further action ...
... profits and prices . In addition , a Consumer's Council should be instituted , which would consider the statistical evidence provided by the Department , and make appropriate recommendations to the Government concerning further action ...
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