Michael Salinger on Price Gouging in the WSJ

Lynne Kiesling

Greg Mankiw beat me to it yesterday by linking to and excerpting Michael Salinger’s commentary on price gouging in Saturday’s Wall Street Journal (subscription required). Salinger, who is currently at the FTC (on leave from BU), draws his commentary from a recent FTC report on “price gouging” (I haven’t read it yet, maybe it provides a definition for “price gouging”) in retail gasoline markets. Worth reading.