IDEAS home Printed from https://ideas.repec.org/a/bla/scotjp/v42y1995i4p392-408.html
   My bibliography  Save this article

Price Ceilings and Imperfect Competition

Author

Listed:
  • Molho, Ian

Abstract

The effects of price ceilings on market equilibrium are traditionally analyzed either in terms of a competitive or monopolistic environment. In this paper, simple diagrammatic models of the effects of price ceilings are presented under Cournot oligopoly, with and without free entry. In both cases, the models suggest that ceilings can raise output as well as lower price but that the impact is not monotonic. These results accord more closely to the benchmark case of monopoly than to competition. Policy issues in the application of price ceilings are discussed in terms of the example of private rented housing. Copyright 1995 by Scottish Economic Society.

Suggested Citation

  • Molho, Ian, 1995. "Price Ceilings and Imperfect Competition," Scottish Journal of Political Economy, Scottish Economic Society, vol. 42(4), pages 392-408, November.
  • Handle: RePEc:bla:scotjp:v:42:y:1995:i:4:p:392-408
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roques, F.A. & Savva , N.S., 2006. "Price Cap Regulation and Investment Incentives under Demand Uncertainty," Cambridge Working Papers in Economics 0636, Faculty of Economics, University of Cambridge.
    2. Hiroaki Ino & Akira Miyaoka, 2016. "Government-induced Production Commitment in the Open Economy," Discussion Paper Series 142, School of Economics, Kwansei Gakuin University, revised May 2016.
    3. Roques, Fabien A. & Savva, Nicos, 2009. "Investment under uncertainty with price ceilings in oligopolies," Journal of Economic Dynamics and Control, Elsevier, vol. 33(2), pages 507-524, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:scotjp:v:42:y:1995:i:4:p:392-408. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/sesssea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.