Minimum Price Regulation Under Codes of Fair Competition (Classic Reprint)

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Excerpt from Minimum Price Regulation Under Codes of Fair CompetitionProvisions of this nature, although included in the majority of codes, actually became effective in a relatively small proportion of these cases because nra did not approve the price schedules or cost systems necessary to effectuate them. Nevertheless, minimum price controls were applied to codes covering a substantial and representative section of American Industry.This study is concerned with an appraisal of the extent to which these devices succeeded in solving the immediate problems at which they were directed. Although the wide social mid economic implications of any such interference with the price mechanism are of extreme importance, such considerations have been excluded as being beyond the scope of this study.Because of the limitations of time and personnel, the investigation was confined to twenty~eight industries in which minimum price regulation was attempted industries selected as representative of various parts of the industrial structure, of the economic problems encountered, and of the types of minimum price devices.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.