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In: European Review of Private Law, Band 1, Heft 1/2, S. 321-322
ISSN: 0928-9801
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In: Review of social economy: the journal for the Association for Social Economics, Band 70, Heft 2, S. 181-199
ISSN: 1470-1162
In: International journal of legal information: IJLI ; the official journal of the International Association of Law Libraries, Band 20, Heft 2, S. 179-180
ISSN: 2331-4117
In: Journal of consumer research: JCR ; an interdisciplinary journal, Band 29, Heft 4, S. 474-491
ISSN: 1537-5277
In: Forthcoming, Marketing Science
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In: van der Rest, Jean-Pierre, Wang, Xuan Lorna orcid:0000-0003-4710-3579 and Heo, Cindy (2014) Future of perceived price fairness research in hospitality. In: The Routledge Handbook of Hospitality Management. Routledge, London, UK, pp. 134-154. ISBN 9781138071469
Prior to the First World War, public pricing policy was essentially of no concern to officials and politicians in the UK/US. Trade associations performed functions that ran afoul of antitrust laws (Scherer and Ross, 1990). Price-fixing, secret price-shading and other collusive pricing behaviour were subject only to the restraint of trade doctrine, 'interpreted in such a narrow way as to make almost anything legal' (Mitchell, 1978: 20). This changed rapidly during the two world wars, when severe shortages forced governments to act and regulate prices to stop 'profiteering', prevent wage/price inflation and ensure that the poor could buy their rations. Moreover, under wartime conditions, the pursuit of private interest was perceived as less acceptable and gradual shifts were occurring in political viewpoints on the welfare implications of monopolies (power), admitting the danger of detriment to the consumer. Therefore, official committees were established to investigate the desirability of restraints such as resale price maintenance and tying. Laws were enacted and courts rendered judgements that altered prevailing views as to what was (socially) desirable in pricing and what was not. As a result, collective price agreements were gradually outlawed and firms were forced to look afresh at their pricing practices. This initiated a whole new body of literature prescribing what businessmen should do in setting prices (e.g. Dean, 1950; McNair and May, 1957; Lawyer, 1963; Abrahams, 1964; Sampsom, 1964; Hinkle, 1965; De Vos and Schomer, 1966; Walker, 1967; Darden, 1968; Oxenfeldt, 1975).
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In: Social sciences: SM = Socialiniai mokslai, Band 90, Heft 4
In: Academia Revista Latinoamericana de Administración, Band 26, Heft 2, S. 318-342