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- Title
THE PRICING OF COPPER AND COPPER ALLOY SCRAP AND OF BRASS AND BRONZE INGOT.
- Authors
Anderson, Karl L.
- Abstract
The article focuses on pricing of copper and copper alloy scrap and of brass and bronze ingot. The central problem with which the U.S. Office of Price Administration had to deal in preparing price regulations for copper and copper alloy scrap and for brass and bronze ingot was that of formulating a structure of definite dollars and cents maximum prices for a collection of heterogeneous but closely related products. For various reasons, it was and still is extremely important that the maximum prices be adjusted as accurately as possible to the particular conditions of the case. That is to say, the problem is one not merely of preventing increases in prices but also of preventing distortions in price structure. Copper scrap is not one thing but a collection of things. Price Schedule No. 20, which is the regulation that governs copper and copper alloy scrap, lists six distinctly different grades of copper scrap, two of the six being grades, which as they are handled in the market consist of items like copper wire with the insulation still on and hence have to be priced according to copper content rather than by a specific dollars and cents ceiling. The brass and bronze ingot, prices of which are governed by Maximum Price Regulation No. 202, is equally heterogeneous, even though all varieties come in the same physical shape.
- Subjects
UNITED States; PRICE regulation; COPPER; METAL industry; COPPER alloys; BRASS ingots; BRONZE ingots; PRICING; ECONOMIC policy
- Publication
American Economic Review, 1943, Vol 33, p295
- ISSN
0002-8282
- Publication type
Article