Price Control


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Related to Price Control: price support, Price ceiling

Price Control

A government regulation limiting the percentage (or, rarely, dollar amount) by which a price for a good or service can change over a given period of time. Price controls have been used to combat inflation, though they are rarely successful. Price controls may also be utilized to protect a favored industry, and are used most commonly to provide a minimum price for agricultural products. See also: Wage control, Price ceiling, Price floor.
References in periodicals archive ?
Ofgems final view on price control allowances will be published by the end of 2020.
7% set for the current price control period (AMP6) as it uses lower assumptions of the cost of debt and equity costs when calculating the weighted-average cost of capital (WACC) for the next period.
To fine tune the decisions on price control taken so far, for Knee Implants MTaI recommends that (i) Bone Cement should be allowed to be charged by the companies, (ii) components of revision knee surgery portion not included in the price order be priced as per the current MRPs and (iii) Instrumentation should be allowed to attract a service fee in knee replacement surgery as there is a significant cost for every instrument, their maintenance, transportation by channel and cleaning / sterilization by hospitals.
They also got cases registered against 27 shopkeepers under Price Control Act and Ehtiram-e-Ramzan Ordinance during the same period, he added.
When contacted, a GSK spokesperson said "GlaxoSmithKline Asia Pvt Ltd (GSKAP) has received a response from NPPA on the application seeking exemption for Crocin Advance Paracetamol Fast Release 500 mg tablet under the provisions of the Drugs Price Control Order (DPCO) 2013.
Gulf News: Isn't there a risk that with price controls pharma majors might be hesitant about launching new drugs into the market?
Using price controls to squeeze out American medical products from its market--which could become the world's largest--only would add fuel to the proverbial fire.
An article in The National this Monday said, "supermarket bosses have revealed how they will maintain profits while paying for the Government's price control scheme -- the extra cost will be classified as corporate giving.
The UK Civil Aviation Authority (CAA) yesterday began a consultation on proposals to extend the current price controls at Heathrow and Gatwick Airports.
IN MY EARLIER REGULATION ARTICLE "DRUG Research and Price Controls" (Winter 2002), I summarized my empirical findings on how pharmaceutical price controls in the United States would reduce industry investment into research and development.
I think pharmaceutical companies' biggest fear is that the government will eventually establish a price control," said Alissa Fox, Blue Cross Blue Shield Association executive director of policy.