The Basing point System

Name: The Basing point System
Author: Machlup

1949

[Front Matter and Preface]: The front matter and preface introduce Fritz Machlup's economic analysis of the basing-point system, prompted by the 1948 Supreme Court Cement decision...

Table of Contents · 67 segments

Front Matter and Prefacechapter

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Table of Contentschapter

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Chapter 1: Introduction - The Legal and Political Contextchapter

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Definitions and Pricing Distinctionschapter

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The Mechanics of Single and Multiple Basing-Point Systemschapter

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Plenary Systems and the Nature of Basing-Point Cartelschapter

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Price Discrimination and Oppressionchapter

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Appendix to Chapter 1: An Exercise in Basing-point Mechanicschapter

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Chapter 2: A Problem of Business, Law, Economics, and Politicschapter

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The Ethics of Business: Oppressing or Killing the Rivaltheoretical

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Collusion, Coöperation, and the Will to Competetheoretical

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The Uncertainty of Law and the Ethics of Law Violationstheoretical

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The Ethics of Restraint of Competitiontheoretical

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The Indecision of Law: Legal Issues and Chronologytheoretical

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The Speculations of Economics: Expert Witnesses and Value Judgmentstheoretical

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The Ways of Politics: Legislative Pressure and the Capehart Committeetheoretical

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Political Strategy: Helping Small Business and Pledging Support to Antitrusttheoretical

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Chapter 3: Three Case Histories: Steel, Cement, Corn Productschapter

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Chapter 4: The Monopolistic Nature of Basing-point Pricingchapter

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The Fallacy of Perfect Market Price Uniformitytheoretical

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Judicial Interpretation and the Supply and Demand Defensetheoretical

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Market Interpenetration and the Myth of Local Monopoliestheoretical

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Evaluating Price Competition: New Basing-Points and Deviationstheoretical

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Natural Evolution and Oligopolistic Coordinationtheoretical

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Open-Price Systems and Coöperative Compliance Mechanismstheoretical

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The Role of Freight Rate Services and Price Leadershiptheoretical

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Price Leadership and the Natural Evolution Argumenttheoretical

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Enforcement of Obedient Followership and Punitive Basing-Pointstheoretical

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The Relationship Between Leaders, Followers, and the Systemtheoretical

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Refutation of Natural Evolution and Judicial Recognition of Collusiontheoretical

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Chapter 5: The Discriminatory Nature of Basing-point Pricingchapter

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Refusal to Sell F.O.B. Mill and Diversion of Shipmentstheoretical

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Discriminatory Non-Discrimination and the Meaning of Competitiontheoretical

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Meeting Competition in Good Faith and Legal Rulingstheoretical

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Variations in Mill Net Prices: Base vs. Non-Base Millstheoretical

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The Futility of Outlawing Phantom Freight Alonetheoretical

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The Favored and the Harmed: Regional Inequitytheoretical

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Discrimination Against 'Western' Customers and Industrial Retardationtheoretical

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Domination Through Local Price Discriminationtheoretical

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The Streamlined Model of Oppressiontheoretical

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Technological Efficiency vs. Systemic Powertheoretical

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Arithmetical Illustration of Market Interpenetrationtheoretical

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The Strategic Interests of the Giant Firmtheoretical

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A Roman Peace: The Social Psychology of the Carteltheoretical

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Classifying Types of Geographic Price Discriminationtheoretical

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Discrimination to Limit Competition Among Customerstheoretical

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Noncollusive Discrimination: Free Delivery and Dumpingtheoretical

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Exploiting Demand Elasticities and Oligopolistic Competitiontheoretical

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Counter-Discrimination: Secret Price Cutstheoretical

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Chapter 6: The Economic Consequences: Competition, Transportation Costs, Priceschapter

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The Degree of Competition and Independence in Price Makingtheoretical

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Ruinous Competition and Wastes in Transportationtheoretical

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Measuring Cross-Hauling and Suppressed Productiontheoretical

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Expensive Transportation and Price Flexibilitytheoretical

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Geographic Price Structure and Long-Run Price Levelstheoretical

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Chapter 7: Control, Utilization, Expansion, and Location of Capacitychapter

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Concentration and the 'Umbrella' Theory of Growththeoretical

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Concentrated Control Through Decentralized Productiontheoretical

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Mergers, New Entries, and Capacity Utilizationtheoretical

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The Pure Theory of Discriminating Monopoly and Output Volumetheoretical

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Analysis of Four Cases of Geographic Price Discriminationtheoretical

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Expansion and Location of Productive Capacitytheoretical

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Location of Fabricating Industry and Social Costs of Centralizationtheoretical

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Chapter 8: The Cost of Abolishing the Systemchapter

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Industrial Relocation and Capital Losseschapter

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Labor Mobility and the 'Ghost Town' Argumentchapter

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Index of Subjects and Namesbibliography

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