The Effects of the Price Code

Richard Evely
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Richard Evely: National Institute of Economic and Social Research

National Institute Economic Review, 1976, vol. 77, issue 1, 50-59

Abstract: Manufacturers' and distributors' views on the effects of the Price Code towards the end of Stage 4 are summarised in this article. Since the onset of the recession, market conditions rather than price controls have determined price- levels. Market constraints have limited the use of profit safeguards and low profit relief as well. The Price Code, however, was widely blamed for contributing to lower profit-margins, particularly in its earlier stages; this was mainly because of the productivity-deduction, lack ofpricingflexibility, and delays in obtaining price increases. Less generally affected were investment, sales and marketing activities, and price-differentiation. Views on the changes to the Code required in a reviving economy are summarised.

Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:sae:niesru:v:77:y:1976:i:1:p:50-59

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