This report is inspired by the re-introduction of price controls in the fiscal policy conversation. Calls for price controls were realized when in August 2022, President Biden signed the Inflation Reduction Act …

Specifically, compliance with price controls is achieved by altering the production-factor mix along the supply chain. This approach yields surprising insights into the incidence of price regulations and their …

Price controls are an industrial policy tool whereby the government sets rules on what private firms are allowed to charge their customers.

Listed price control policies are retrieved from the latest (2003-19) country Trade Policy Review publication. Sample includes 12 low-income countries, 63 other EMDEs and 6 advanced economies.

The more effective price controls are at preventing rationing (via bribes or lines), the more harmful they are to gains from trade. Say that enforcement is strict and bribes are prevented.

a 1 percent reduction in revenue leading to a 1.5 percent reduction in R&D activity. Using the range of such effects found in the literature we find the proposed price controls of US bill HR3, the Lower …

In the U.S., the research-based life sciences industry successfully challenged proposals for the introduction of international reference pricing put forth by the Trump administration, and there are, …