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Compliance with Price Controls in the United States and the United Kingdom During World War II

Geofrey Mills and Hugh Rockoff
The Journal of Economic History
Vol. 47, No. 1 (Mar., 1987), pp. 197-213
Stable URL: http://www.jstor.org/stable/2121945
Page Count: 17
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Compliance with Price Controls in the United States and the United Kingdom During World War II
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Abstract

We are concerned here with the evasion of price controls in the United States and the United Kingdom in World War II. The evidence suggests that controls produced less evasive activity in the United Kingdom. After considering several explanations we conclude that the key was the degree of regimentation. The British controlled all stages of production, limited the range of products available at each stage, and allocated relatively more resources to managing and enforcing controls.

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