Another Look at the Impact of the National Industrial Recovery Act on Cartel Formation and Maintenance Costs

@article{Krepps1997AnotherLA,
  title={Another Look at the Impact of the National Industrial Recovery Act on Cartel Formation and Maintenance Costs},
  author={Matthew B. Krepps},
  journal={Review of Economics and Statistics},
  year={1997},
  volume={79},
  pages={151-154}
}
  • M. B. Krepps
  • Published 1 February 1997
  • Economics
  • Review of Economics and Statistics
Alexander's (1994) finding that the National Recovery Administration's Codes of Fair Competition led to a change in the critical concentration level during the 1930s is questioned. No regime switch is detected when a common industry sample is employed. Also, when industries with and without codes are analyzed, codes appear to have no effect on pricecost margins during the period. This absence of effect is postulated to be a result of the unenforceability of trade practice provisions contained… 

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