Sixty case studies of pricing behaviour of the UK Price Commission between 1977-79 are used to evaluate models of market structure, conduct and performance. The main conclusions are: a) the oligopoly problem is not an important factor in market behaviour; b) non-competitive practices are common,...

This paper surveys the econometric research on the determinants of fluctuation in employment in industrial economies. The results are used to evaluate some modern macro theories of employment and unemployment and suggest how future empirical work might proceed.

This paper reports tests of two models of pricing behaviour using cross-sectional data or relative Canadian/United States prices and costs, and on Canadian tariff protection and market structure. The main results are: 1) the market power model is statistically better supported than the law of...