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Price Control

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The Palgrave Encyclopedia of Strategic Management

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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.

This entry was originally published on Palgrave Connect under ISBN 978-1-137-49190-9. The content has not been changed.

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References

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Author information

Authors and Affiliations

  1. Berkeley Research Group, Chicago, IL, USA

    Carl Danner

  2. Berkeley Research Group, 2200 Powell Street, Suite 1200, Emeryville, CA, 94608, USA

    Edward F. Sherry

  3. Emeryville, CA, USA

    Elizabeth Olson

Authors
  1. Carl Danner
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  2. Edward F. Sherry
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  3. Elizabeth Olson
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Corresponding author

Correspondence to Carl Danner .

Editor information

Editors and Affiliations

  1. Stanford University , Stanford, California, USA

    Mie Augier

  2. Tusher Ctr Intellectual Capital, University of California Tusher Ctr Intellectual Capital, Berkeley, California, USA

    David J. Teece

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© 2016 The Author(s)

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Danner, C., Sherry, E.F., Olson, E. (2016). Price Control. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_720-1

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  • DOI: https://doi.org/10.1057/978-1-349-94848-2_720-1

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-94848-2

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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