The British Monopolies Commission.

Print version record.

Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Dedication; AUTHOR'S PREFACE; Table of Contents; PART I THE HISTORICAL APPROACH; 1. The Historical Background 1914-48; 2. The Common Law Background; PART II THE MONOPOLIES COMMISSION; 3. The Structure and Constitution of the Monopolies Commission; 4. The Scope and Authority of the Monopolies Commission; 5. The Investigating Procedure of the Monopolies Commission; PART III TRADE ASSOCIATION INQUIRIES; 6. The Monopolies Commission and Price Agreements; 7. Trade Associations and the Competitive Process.

8. Trade Association Agreements and Barriers to Inter-Member Competition9. Trade Association Agreements and Barriers to Independent Competition; 10. The Trade Association and Public Policy; PART IV THE DOMINANT FIRM; 11. The Dominant Firm and Oligopoly; 12. The Dominant Firm and the Competitive Process; 13. The Dominant Firm and Barriers to Independent Competition; 14. Dominant Firm Activities and the Public Interest; 15. The Dominant Firm and Public Policy; PART V STATISTICAL MEASURES OF ECONOMIC PERFORMANCE; 16. Unit Production Costs and Prices.

17. The Calculation of Rate of Return on Capital as a Public Interest Indicator18. Rate of Return on Capital and the Public Interest; PART VI GOVERNMENT ACTION: ECONOMIC CONSEQUENCES; 19. The Implementation of Monopolies Commission Recommendations; 20. Economic Consequences of Monopolies Commission Reports; PART VII CONCLUSIONS AND RECOMMENDATIONS; 21. The Monopolies Commission and Future Developments; APPENDICES; 1. Members of the Monopolies Commission 1949-64; 2. A Case Study of the Procedure of Inquiry-The Imperial Tobacco Company; CLASSIFIED BIBLIOGRAPHY; INDEX.

This 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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