Let's take a closer look at an example. A price ceiling is the maximum price that can be charged. If the price is set below the equilibrium price, the price ceiling is said to be effective (or binding).
Criminal vagrancy laws were originally aimed at those wanderers and. beggars physically capable of working.24 However, in 1744 vagrancy. crimes were divided into three classes: idle and disorderly persons, rogues and vagabonds, and incorrigible rogues.
What Edelman and Papachristou shared despite their differences was the crime for which they were arrested: vagrancy. California law made a vagrant of everyone from wanderers and prostitutes to the willfully unemployed and the lewd.