Resource allocation under the COWPS price guideline : (Record no. 599608)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02618cam a2200421 i 4500 |
| 001 - CONTROL NUMBER | |
| control field | rnd000000000047115 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | RAND |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 920212s1981 caua a b b000 0 eng d |
| 010 ## - LIBRARY OF CONGRESS CONTROL NUMBER | |
| LC control number | 81010713 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 0833003321 (pbk.) |
| 027 ## - STANDARD TECHNICAL REPORT NUMBER | |
| Standard technical report number | RAND/R-2634-DOE/RC |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (Sirsi) a188080 |
| 037 ## - SOURCE OF ACQUISITION | |
| Terms of availability | $23.00 |
| 040 ## - CATALOGING SOURCE | |
| Original cataloging agency | CstmoR |
| Transcribing agency | CstmoR |
| 043 ## - GEOGRAPHIC AREA CODE | |
| Geographic area code | n-us--- |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HD9560.6 |
| Item number | .C29 1981 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Camm, Frank A., |
| Dates associated with a name | 1949- |
| Relator term | author. |
| 245 10 - TITLE STATEMENT | |
| Title | Resource allocation under the COWPS price guideline : |
| Remainder of title | the case of fixed proportions / |
| Statement of responsibility, etc | Frank Camm, Charles E. Phelps, P. J. E. Stan. |
| 246 3# - VARYING FORM OF TITLE | |
| Title proper/short title | Resource allocation under the Council of Wage and Price Stability price guideline |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE STATEMENTS | |
| Place of production, publication, distribution, manufacture | Santa Monica, CA : |
| Name of producer, publisher, distributor, manufacturer | RAND, |
| Date of production, publication, distribution, manufacture | 1981. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | xv, 45 pages : |
| Other physical details | illustrations ; |
| Dimensions | 28 cm |
| 336 ## - CONTENT TYPE | |
| Content Type Term | text |
| Content Type Code | txt |
| Source | rdacontent |
| 337 ## - MEDIA TYPE | |
| Media Type Term | computer |
| Media Type Code | c |
| Source | rdamedia |
| 337 ## - MEDIA TYPE | |
| Media Type Term | unmediated |
| Media Type Code | n |
| Source | rdamedia |
| 338 ## - CARRIER TYPE | |
| Carrier Type Term | online resource |
| Carrier Type Code | cr |
| Source | rdacarrier |
| 338 ## - CARRIER TYPE | |
| Carrier Type Term | volume |
| Carrier Type Code | nc |
| Source | rdacarrier |
| 500 ## - GENERAL NOTE | |
| General note | "May 1981." |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE | |
| Bibliography, etc | Includes bibliographical references (p. 45). |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Evidence points toward the Council of Wage and Price Stability (COWPS) price guidelines as the constraint causing U.S. petroleum refinery shortages during 1979-1980. This report develops the theory of a profit-maximizing firm's behavior when complying with a COWPS-like restraint. Results include: (1) When the production technology displays a certain type of fixed proportions (as appears relevant for refineries), shortages can--but need not--emerge. (2) Product output decreases in response to the COWPS control, causing market prices to rise. (3) Product supply diminishes as market demand increases. (4) Use of some factors, e.g., crude oil, increases as factor prices increase, which, because of fixed proportions, implies expanded product output. (5) Product mix likely shifts towards lower-grade products. (6) Dispersion of product prices across firms increases. (7) Relative product prices for a multiproduct firm become indeterminant. Casual empirical evidence supports the relevance of this theory. |
| 530 ## - ADDITIONAL PHYSICAL FORM AVAILABLE NOTE | |
| Additional physical form available note | Also available on the internet via WWW in PDF format. |
| 588 ## - | |
| -- | Description based on print version record. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Petroleum industry and trade |
| General subdivision | Government policy |
| Geographic subdivision | United States. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Petroleum products |
| General subdivision | Prices |
| Geographic subdivision | United States. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Phelps, Charles E. |
| Relator term | author. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Stan, Peter J. E., |
| Dates associated with a name | 1955- |
| Relator term | author. |
| 710 2# - ADDED ENTRY--CORPORATE NAME | |
| Corporate name or jurisdiction name as entry element | Rand Corporation. |
| 710 1# - ADDED ENTRY--CORPORATE NAME | |
| Corporate name or jurisdiction name as entry element | United States. |
| Subordinate unit | Department of Energy. |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Link text | Online Access |
| Uniform Resource Identifier | <a href="http://www.rand.org/pubs/reports/R2634/">http://www.rand.org/pubs/reports/R2634/</a> |
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