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

  title={Another Look at the Impact of the National Industrial Recovery Act on Cartel Formation and Maintenance Costs},
  author={M. B. Krepps},
  journal={Review of Economics and Statistics},
  • M. B. Krepps
  • Published 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… Expand
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NRA trade practice programs
Minimum prices under the NRA
Competition Under Secret and Open Prices