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Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.

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.

A private bookmark. Not a position, and never counted.

What Alex Tabarrok actually said

Word for word, with the source under each one. They did not write this page.

  1. Alex Tabarrok

    Professor of economics at George Mason University and Bartley J

    The quantity reduction is not the main cost of price controls. The misallocation is.

Added to korrents 12 Feb 2026 · How quotes work · Something wrong? Tell us

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