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← Corner allocations under price ceilings are a distinct source of…
11 connected korrents · 8 moments on record from 1 Jun 2022 to 3 Sept 2026.
Everything filed under inflation
inflation
Everything filed under benchmarks
benchmarks
Everything filed under price gouging
price gouging Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. Last stated 7 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Under binding ceilings, cost-minimizing suppliers drive allocations to corners rather than Harberger or random benchmarks, producing larger losses and discontinuous welfare jumps. — tap to centre the map on it Under binding ceilings, cost-minimizing suppliers drive allocations to corners rather than Harberger or random benchmarks, producing larger losses and discontinuous welfare jumps. Last stated 7 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. — tap to centre the map on it Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Last stated 7 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: A benchmark result should be reported under a stated budget, or as a curve against test-time compute — never as a single number. — tap to centre the map on it A benchmark result should be reported under a stated budget, or as a curve against test-time compute — never as a single number. Last stated 2 months ago
26 Jun 2026
NB
Noam Brown — holds since 2026-06-26 — tap for who they are
Same subject: A benchmark that ranks Claude Code last while it stays first in use is measuring the wrong thing, and has been for a year. — tap to centre the map on it A benchmark that ranks Claude Code last while it stays first in use is measuring the wrong thing, and has been for a year. Last stated a week ago
3 Sept 2026
DR
Dax Raad — holds since 2026-09-03 — tap for who they are
Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. Last stated 5 months ago
1 Apr 2026
TP
Thuan Pham — holds since 2026-04-01 — tap for who they are
Same subject: Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls. — tap to centre the map on it Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls. Last stated 7 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. — tap to centre the map on it Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up. — tap to centre the map on it Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. — tap to centre the map on it Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — tap for who they are
Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Data centres had not raised the average American household's electricity bill as of 2025; inflation and the gas-price shock did. — tap to centre the map on it Data centres had not raised the average American household's electricity bill as of 2025; inflation and the gas-price shock did. Last stated 11 months ago
10 Oct 2025
AM
Andy Masley — holds since 2025-10-10 — tap for who they are
At the centre
Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation.
Holds AT Alex TabarrokRead this korrent →
Under binding ceilings, cost-minimizing suppliers drive allocations to corners rather than Harberger or random benchmarks, producing larger losses and discontinuous welfare jumps.
Holds AT Alex Tabarrok
Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
Holds AT Alex Tabarrok
A benchmark result should be reported under a stated budget, or as a curve against test-time compute — never as a single number.
Holds NB Noam Brown
A benchmark that ranks Claude Code last while it stays first in use is measuring the wrong thing, and has been for a year.
Holds
A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost.
Holds TP Thuan Pham
Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls.
Holds AT Alex Tabarrok
Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been.
Holds JC John H. Cochrane
Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up.
Holds JC John H. Cochrane
Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022.
Holds
Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total.
Holds
Data centres had not raised the average American household's electricity bill as of 2025; inflation and the gas-price shock did.
Holds AM Andy Masley