The Prices Justification Tribunal: Retrospect and Prospect

Officer R.R. (1976) The Prices Justification Tribunal: Retrospect and Prospect. Australian Journal of Management, 1 1: 57-72. doi:10.1177/031289627600100103


Author Officer R.R.
Title The Prices Justification Tribunal: Retrospect and Prospect
Journal name Australian Journal of Management   Check publisher's open access policy
ISSN 1327-2020
Publication date 1976-01-01
Sub-type Article (original research)
DOI 10.1177/031289627600100103
Open Access Status
Volume 1
Issue 1
Start page 57
End page 72
Total pages 16
Subject 1400 Business, Management and Accounting
Abstract Because empirical measurement of the PJT's effectiveness is very difficult, the PJT is evaluated analytically. It is concluded that the only sensible role for the PJT is to reduce inflationary expectations when the underlying causes of inflation are no longer present. There is little or no evidence that the PJT has been successful in this regard. An examination of the PJT's decisions indicate many inconsistencies with those of other government bodies and with optimal resource allocation. The PJT owes its continued existence almost completely to political factors.
Keyword GOVERNMENT REGULATION
PRICE CONTROL
PRICES JUSTIFICATION
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
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Created: Tue, 04 Oct 2016, 12:42:14 EST by System User