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PRICE REGULATION

Statistics Directorate    
Definition:
Price regulation refers to the policy of setting prices by a government agency, legal statute or regulatory authority. Under this policy, minimum and/or maximum prices may be set.

Context:
Price regulation also encompasses "guidelines" which specify the magnitude by which prices can increase as in the case of rent controls. The bases on which regulated prices are set vary. These may be on costs, return on investment, markups, etc.

Source Publication:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993.

Hyperlink:
http://www.oecd.org/dataoecd/8/61/2376087.pdf

Statistical Theme: Financial statistics

Created on Thursday, January 3, 2002

Last updated on Tuesday, March 11, 2003