NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Upside-down Economics of Regulated and Otherwise Rigid Prices

Casey B. Mulligan, Kevin K. Tsui

NBER Working Paper No. 22305
Issued in June 2016, Revised in January 2017

---- Acknowledgments ----

We appreciate discussions with Jeremy Bulow, Bill Dougan, Al Harberger, Robert Jackman, Andrew Lo, Alex MacKay, Kevin M. Murphy, Glen Weyl, seminar participants at Chicago, Clemson, and the financial support of the University of Chicago’s Stigler Center and the Thomas W. Smith Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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