Cost Behavior and Price Policy

Cost Behavior and Price Policy

Cost Behavior and Price Policy

Cost Behavior and Price Policy

Excerpt

THE CONFERENCE ON PRICE RESEARCH, organized by the National Bureau of Economic Research and other institutions, set up in October 1938 a Committee to investigate the possibilities of empirical research in the field of cost- price relationships and price determination. This report, which is the Committee's first publication, is concerned principally with certain aspects of cost behavior. In subsequent reports the Committee expects to cultivate other parts of this field.

The Conference on Price Research has already published a series of studies designed to explore the opportunities for research in several industrial areas--coal, iron and steel, oil and textiles.1 It is hoped that the work of these "exploratory committees" may now be supplemented by the reports of standing committees charged with the task of surveying somewhat larger areas from a different point of view. At the present time three such committees are cooperating in the research program of the Conference. They are concerned respectively with cost-price relationships and price determination, with governmental price regulation and with business price policies.

The mandate of the Committee on Cost-Price Relationships and Price Determination calls for study of the origin of price . . .

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