Such price distortions can have an adverse effect on market participant's welfare and reduce the efficiency of market outcomes.
Inflation was galloping, and relative price distortions, stemming mainly from massive price controls, were endemic.
"A national severe price distortion [in housing] seems most unlikely in the United States."
When we start messing with it - even when the cause is noble - we just end up creating inefficiencies and price distortions that hurt the overall economy.
This creates a price distortion, which leads to inefficient site and production decisions, which inevitably sap productivity and represent one more drag on international performance.
Around the edges of south eastern towns, perfectly good agricultural land often remains uncultivated as a result of price distortions created by the Metropolitan Green Belt.
He credited Poland with eliminating price distortions, creating a convertible currency and building a private sector.
Upward price distortions reduce both consumer surplus and the joint publisher-advertiser profit, leading to a net reduction in social welfare.
The end result of all this is price distortion within the European Union.
These regulatory differences provide the basis for short-term price distortions that attract the watchful stare of arbitrage computer programs.