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 17
... reflect , however , private and public apathy towards the issue of market dominance . This chapter provides an introduction to the most important relevant developments in attitudes and conditions that took place during the thirty years ...
... reflect , however , private and public apathy towards the issue of market dominance . This chapter provides an introduction to the most important relevant developments in attitudes and conditions that took place during the thirty years ...
Page 23
... reflected in the large numbers of trade associations that mushroomed and disappeared during the inter - war years . Two important abortive attempts at cartelization during the 1920s are to be found in the American Cotton Yarn ...
... reflected in the large numbers of trade associations that mushroomed and disappeared during the inter - war years . Two important abortive attempts at cartelization during the 1920s are to be found in the American Cotton Yarn ...
Page 24
... reflected by most associations which attempt to maintain or to establish restrictive agreements under depressed conditions . It is not surprising to find associations requesting the state to provide legal sanctions for their agreements ...
... reflected by most associations which attempt to maintain or to establish restrictive agreements under depressed conditions . It is not surprising to find associations requesting the state to provide legal sanctions for their agreements ...
Page 31
... reflected differences in unit production costs . This system carried considerable advantages for Association members . Public demand for new radio sets at that time was price elastic . Under such conditions a low price for valves ...
... reflected differences in unit production costs . This system carried considerable advantages for Association members . Public demand for new radio sets at that time was price elastic . Under such conditions a low price for valves ...
Page 38
... reflected in a more suspicious attitude towards market dominance . The Government , armed with Keynesian instruments , was more confident of its ability to maintain income levels . In the belief that this problem could be controlled ...
... reflected in a more suspicious attitude towards market dominance . The Government , armed with Keynesian instruments , was more confident of its ability to maintain income levels . In the belief that this problem could be controlled ...
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