September 26, 2009

“Gas Station Owners Were Surprisingly Altruistic During That Time of Crisis”

Michael Giberson The post title was extracted from the conclusion of Henry Neilson’s article, “Price gouging versus price reduction in retail gasoline markets during Hurricane Rita” (Economic Letters, October 2009), but I’m not sure the evidence supports the conclusion of altruism. Neilson collected gasoline price data in the Byran-College Station, Texas, area for several weeks …

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