korrents

Our readingWhat is a korrent?

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

What this subject means

price gouging Whether a price should be allowed to spike in a shortage, and what happens to supply when it is not.

What Alex Tabarrok actually said

  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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