Failed Cooperation in Heterogeneous Industries Under the National Recovery Administration
1997 ◽
Vol 57
(2)
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pp. 322-344
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A case study, a formal model, and an anaLysis of Census of Manufactures data support a conclusion that cost heterogeneity was a major source of the “compliance crisis” affecting a number of National Recovery Administration “codes of fair competition.” Key elements of the argument are assumptions that progressives at the NRA allowed majority coalitions of small, high-cost finns to impose codes in heterogeneous industries, and that these codes were designed by the high-cost firms under an ultimately erroneous belief that they would be enforced by the NRA.
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2015 ◽
Vol 15
(2)
◽
pp. 27-41
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2016 ◽
Vol 19
(2)
◽
pp. 411-420
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2021 ◽
Vol 72
(2)
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pp. 319-329
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2011 ◽
Vol 20
(04)
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pp. 663-690
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2021 ◽
pp. 851-862
2015 ◽
Vol 10
(Special-Issue1)
◽
pp. 96-105
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