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- Title
Economic Basis of Prices in Alaska.
- Authors
Eiteman, Wilford J.
- Abstract
Alaska produces little or nothing for its own consumption except a small quantity of milk, potatoes and vegetables. The income of the territory is derived almost entirely from the exportation of fish, gold and furs. In 1936 the gross income of the territory was approximately the same as in 1938, in 1937 it was three million greater and in 1939 and 1940 fifteen million less. Alaskan production for home consumption totals less than a million dollars a year and so can be ignored in discussing the territory's economy. It is usually assumed that about a third of the income of the territory goes to absentee owners of Alaskan industries. Goods imported into Alaska are sold through local retailers who almost invariably obtain their stocks from Seattle wholesalers. Prices which Alaskan retailers pay for the goods are the same as those paid by Seattle retailers but the prices which they charge customers are 25 to 60 per cent higher than the prices charged Seattle consumers by Seattle retailers. The explanation most often offered for the high retail price level in transporting goods from Seattle to the territory.
- Subjects
ALASKA; UNITED States; PRICES; INCOME; CONSUMPTION (Economics); PRICE regulation; GROSS income; RETAIL industry
- Publication
American Economic Review, 1944, Vol 34, Issue 2, p351
- ISSN
0002-8282
- Publication type
Article