EFFECT OF THE DEPRESSION UPON EARNINGS AND PRICES OF REGULATED AND NONREGULATED INDUSTRIES.

The assumption is commonly made that the behavior of prices and earnings during a depression is radically different in regulated and nonregulated industries. It is the purpose of this article to offer approximate measurements of the differences that have recently appeared and by a sampling process t...

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Publicado en:American Economic Review Vol. 26; pp. 36 - 46
Autores principales: Epstein, Ralph C., Sumner, John D.
Formato: Artículo
Publicado: American Economic Association Mar36 Supplement
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Epstein, Ralph C.
          Sumner, John D.
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        Depressions (Economics)
        Great Depression, 1929-1939
        Prices
        Corporate profits
        Regulated industries
        Business cycles
        Wages
        Price fixing
        Monopolistic competition
        Competitive advantage in business
        United States
      sug:
        subj:
          United States
          Depressions (Economics)
          Great Depression, 1929-1939
          Prices
          Corporate profits
          Regulated industries
          Business cycles
          Wages
          Price fixing
          Monopolistic competition
          Competitive advantage in business
      ab: The assumption is commonly made that the behavior of prices and earnings during a depression is radically different in regulated and nonregulated industries. It is the purpose of this article to offer approximate measurements of the differences that have recently appeared and by a sampling process to examine the depression records of leading types of regulated and nonregulated industries. It is scarcely necessary to state that we claim no definitive accuracy for our results. By regulated industries we mean the principal local public utilities, especially electric light and power, telephonic communication, manufactured gas, and railroad transportation. Nonregulated industry will be represented by a selected group of manufacturing enterprises. These terms do not, of course, imply perfectly regulated monopolies on the one hand and perfectly uncontrolled competitive enterprises on the other. Important elements of "control," both governmental and non-governmental, exist in each group, although they assume much greater significance in the utilities.
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    language: English
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