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Price Caps in Multi-Price Markets
| Content Provider | Semantic Scholar |
|---|---|
| Author | Bar-Gill, Oren |
| Copyright Year | 2015 |
| Abstract | Many consumer markets feature a multidimensional price. A policy maker-a legislator, a regulator, or a court-concerned about the level of one price dimension may decide to cap this price. How will such a price cap affect other price dimensions? Will the overall effect be good or bad for consumers? For social welfare? Price caps can be beneficial when sellers set prices in response to consumers' misperception. The scope for welfare-enhancing regulation depends on the type (and direction) of the underlying misperception and on market structure. |
| Starting Page | 453 |
| Ending Page | 476 |
| Page Count | 24 |
| File Format | PDF HTM / HTML |
| DOI | 10.1086/684300 |
| Volume Number | 44 |
| Alternate Webpage(s) | https://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?article=1008&context=law_econ |
| Alternate Webpage(s) | http://www.law.harvard.edu/programs/olin_center/papers/pdf/Bar-Gill_833.pdf |
| Alternate Webpage(s) | https://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?article=1008&context=law_econ&httpsredir=1&referer= |
| Alternate Webpage(s) | https://scholarship.law.berkeley.edu/cgi/viewcontent.cgi?article=1008&context=law_econ&filename=0&httpsredir=1&referer=&type=additional |
| Alternate Webpage(s) | https://law.utexas.edu/wp-content/uploads/sites/25/Price-Caps2.pdf |
| Alternate Webpage(s) | https://dash.harvard.edu/bitstream/handle/1/17741708/Bar-Gill_833.pdf?sequence=1 |
| Alternate Webpage(s) | https://doi.org/10.1086/684300 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
