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- Title
THE RESTRICTIVE PRACTICES COURT AND REASONABLE PRICES: A COMMENT.
- Authors
Sutherland, A.
- Abstract
In three of the five successfully defended price-fixing agreements cited, the benefit established at the gateway was intimately connected with the level of prices. In Cement, the benefit established simply was that prices would in future be lower with the agreement than without. In Metal Windows that was similarly the benefit.! In Magnets, the fact that technical co-operation would sometimes product lower prices was part of the benefit. In Black Bolts the gateway benefit was the avoidance of the need by some buyers to shop around with a consequent saving on administrative costs. The Registrar had alleged, as a detriment, that with the price agreement prices would be higher than without it. Thus, at the balancing stage the court had to consider the likelihood of higher prices, to weigh any resulting detriment, and to balance the detriment against the established benefit. In all the other cases lost, the respondents failed because they did not establish any benefit that would be lost if the agreements were terminated.
- Subjects
PRICES; CAIRNS, James; CONSUMPTION (Economics); COST; RESTRICTIVE practices in industrial relations; INDUSTRIAL costs; MONEY; ECONOMICS
- Publication
Journal of Industrial Economics, 1965, Vol 13, Issue 2, p168
- ISSN
0022-1821
- Publication type
Article
- DOI
10.2307/2097670