Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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MONOPOLY 101 Local discrimination is practised when a thing is sold for one price in one locality, and another price in another locality. Inter national discriminations are common, and even intra-national discriminations are to be found. In the case of the latter the difference between the two prices cannot be more than the cost of carriage from the one place to the other if the thing can be transported after being sold ; as, for example, gas, electricity, and transportation itself cannot. In the case of international discriminations, however, where tariffs protect the home market, the difference between the two prices may amount to as much as cost of carriage and the import duty on re-entry. A trade discrimination means charging more for a thing when it is used for one purpose, that is in one trade, than when it is used for another purpose, that is in another trade. Generally trade discrimination is not feasible because of the difficulty of discovering to what use the purchaser intends putting the commodity ; but there remain some important instances in which differential charges of this kind are not only possible but have become the common rule. The best example is to be found in railway freight rates. The railways sell transportation and

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