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Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation.

Drawn from what Alex Tabarrok said

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What Alex Tabarrok actually said

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  1. Alex Tabarrok

    Professor of economics at George Mason University and Bartley J

    These corner allocations create a distinct source of cross-market misallocation, separate from the aggregate quantity loss (the Harberger triangle) and from within-market misallocation emphasized in prior work.

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