The Upside-down Economics of Regulated and Otherwise Rigid Prices
NBER Working Paper No. 22305
---- 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.