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The Effects of the Price Code

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  • Evely, Richard

Abstract

Manufacturers' and distributors' views on the effects of the Price Code towards the end of Stage 4 are summarised in this article. Since the onset of the recession, market conditions rather than price controls have determined price-levels. Market constraints have limited the use of profit safeguards and low profit relief as well. The Price Code, however, was widely blamed for contributing to lower profit-margins, particularly in its earlier stages; this was mainly because of the productivity-deduction, lack ofpricingflexibility, and delays in obtaining price increases. Less generally affected were investment, sales and marketing activities, and price-differentiation. Views on the changes to the Code required in a reviving economy are summarised.

Suggested Citation

  • Evely, Richard, 1976. "The Effects of the Price Code," National Institute Economic Review, National Institute of Economic and Social Research, vol. 77, pages 50-59, August.
  • Handle: RePEc:cup:nierev:v:77:y:1976:i::p:50-59_4
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