Search Results for: price gouging giberson

Giberson Makes His Mark on Wall Street and Other Notes on Price Gouging Commentary

I get a mention in the September 12, 2017, Deal Book column in the New York Times: “Price caps discourage extraordinary supply efforts that would help bring goods in high demand into the affected area,” Michael Giberson, an instructor with the Center for Energy Commerce in the Rawls College of Business at Texas Tech University, …

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Fox Business: Preventing Price Gouging of Storm Victims

Michael Giberson Last week a show on Fox Business News ran a segment titled, “Preventing Price Gouging of Storm Victims.” Spoiler: Show host Gerri Willis and Florida Attorney General Pam Bondi chat about price gouging, but nothing much about “preventing price gouging” except that if you do it in Florida, the state “will be coming …

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Norwalk Connecticut Gas Station Settles on Charges of Sandy-related Price Gouging

Michael Giberson When it comes to gasoline price increases, how much do prices have to rise before a price increase is “unconscionably excessive”? What difference between prices before and after a declaration of emergency is large enough to create a “gross disparity”? Twenty percent? Ten percent? Five? In Connecticut these days it looks like a …

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Mother Jones on Guns and Ammo Price Gouging

Michael Giberson A post at Mother Jones‘s Political Mojo blog sees a silver lining in current price gouging on guns (see “Gun Lovers Freaking Out Over Price Gouging“): “It might help keep sales in check—at least temporarily—while Congress gets around to thinking about thinking about considering an assault-weapon ban.” Well, technically speaking, current prices and …

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Economics Research Topics in Price Gouging from Odd-even Rationing to Guilt and Shame

Michael Giberson Today the Master Resource blog published my list of ten price gouging topics needing economic research. As I point out in the introduction, many economists think price gouging  is too simple to be worth studying. After all, it is just a kind of price cap, and we know how price caps work. My response is that …

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New York Newspaper Says “Add Shame to Penalty for Gouging”

Michael Giberson Is price gouging like highway robbery? The Journal News, from the suburbs north of New York City, said: “Add shame to penalty for gouging“: Given the extraordinary cost of just about everything in New York, it is often difficult to distinguish price-gouging, which is both illegal and despicable, from the usual highway robbery, …

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New Yorkers Didn’t ‘share the Pain’ of Higher Gasoline Prices During Emergency

Michael Giberson One idea advanced by proponents of anti-price gouging laws is that after disaster strikes people should put aside their usual self-interests, join in with the community, and share in the burden of recovery. What these proponents often miss is that normal market adjustments will support a sharing in the burden of recovery, even …

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