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The Dangers of Price Fixing

The Dangers of Price Fixing LEWIS H. HANEY HE SUBJECT price fixing is one of which of exchange among commodities are reduced I have much knowledge based on ex­ to a common denominator. Obviously, prices perience. I have actually fixed a price and are "objective," that is, they are expressed have cooperated with others in fixing many in terms of a single object, money. of them. If, therefore, I speak positively, it It follows that prices can be "fixed." It will be understood that I have a practical also follows that prices can be out of line basis for my opinions. with values and thus result in maladjust­ Since this discussion centers its interest to ments, which may cause serious injuries on marketing, I shall begin by making the business. If, for example, the price of any point that prices must be high enough to product is fixed higher with relation to the cover the costs of marketing, and to reward prices of other things than is in line with those engaged in marketing operations for its value, there will be less of the over-priced their costs and skill. Price fixing therefore thing demanded, while production will be concerns all processes necessary to the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Marketing Journal SAGE

The Dangers of Price Fixing

American Marketing Journal , Volume amj-1 (1): 7 – Jan 1, 1934

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Publisher
SAGE
Copyright
© 1934 American Marketing Association
ISSN
0193-1806
eISSN
1547-7185
DOI
10.1177/002224293400100108
Publisher site
See Article on Publisher Site

Abstract

LEWIS H. HANEY HE SUBJECT price fixing is one of which of exchange among commodities are reduced I have much knowledge based on ex­ to a common denominator. Obviously, prices perience. I have actually fixed a price and are "objective," that is, they are expressed have cooperated with others in fixing many in terms of a single object, money. of them. If, therefore, I speak positively, it It follows that prices can be "fixed." It will be understood that I have a practical also follows that prices can be out of line basis for my opinions. with values and thus result in maladjust­ Since this discussion centers its interest to ments, which may cause serious injuries on marketing, I shall begin by making the business. If, for example, the price of any point that prices must be high enough to product is fixed higher with relation to the cover the costs of marketing, and to reward prices of other things than is in line with those engaged in marketing operations for its value, there will be less of the over-priced their costs and skill. Price fixing therefore thing demanded, while production will be concerns all processes necessary to the

Journal

American Marketing JournalSAGE

Published: Jan 1, 1934

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