Abstract
This paper reports the results of an analysis of the relationship between average unit prices and several causal factors in two major developing industries in the United States from the end of World War II through 1965. The objective was to assess the impact of changes in the magnitude of the assumed causal variables, particularly technical progress, on the dependent variable, average unit shipment price. The variables that were examined for causation included industry's scale-of-production, state-of-technology, input factor costs, profit level, and for one industry, unit of output.
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