PRICES AND THE GUIDEPOSTS: THE EFFECTS OF GOVERNMENT PERSUASION ON INDIVIDUAL PRICES,
Abstract
Wage-price guideposts were part of the government's economic policy from 1962 to 1968. A particular method of policing the guideposts evolved during this period. The Administration sought, through public and private confrontations, to influence the pricing decisions of firms. The document describes briefly the policy of confrontation, proposes several alternative hypotheses to explain the resultant behavior of firms, and analyzes statistically those variables predicted to be associated with government success and failure in influencing firm behavior. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1970
- Accession Number
- AD0700319
Entities
People
- Arthur J. Alexander
Organizations
- RAND Corporation