The Palgrave Encyclopedia of Strategic Management

Living Edition
| Editors: Mie Augier, David J. Teece

Price Control

  • Carl Danner
  • Edward F. Sherry
  • Elizabeth Olson
Living reference work entry
DOI: https://doi.org/10.1057/978-1-349-94848-2_720-1

Abstract

Price controls involve government setting prices for products, goods or services at a non-market-determined level. In competitive industries, price controls typically have economically harmful effects but may be imposed for political reasons, especially during economic disruptions. The longer that controls on competitive prices are maintained, the more consequential and complicated the resulting economic problems are likely to become. Price controls for utilities and like services are a common and far less problematic governmental response to the market power that exclusive service franchises may create.

Keywords

Price Regulation Price Control Minimum Price Natural Monopoly Rent Control 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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References

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Copyright information

© The Author(s) 2016

Authors and Affiliations

  • Carl Danner
    • 1
  • Edward F. Sherry
    • 2
  • Elizabeth Olson
    • 3
  1. 1.Berkeley Research GroupChicagoUSA
  2. 2.Berkeley Research GroupEmeryvilleUSA
  3. 3.EmeryvilleUSA