The Paper River Experiment

Lynne Kiesling I am teaching environmental economics this fall, and Tuesday was our first day of class. As I have structured the class, it focuses on common-pool resource allocation decisions. So I typically start the class with the example of a river, which I draw on the board. I ask students to name the different … More The Paper River ExperimentMore The Paper River Experiment

Is It Gouging for Politicians to Charge $1000 for a Meal?

Michael Giberson The Associated Press carried the following news item on efforts to prohibit gasoline price gouging: Northwest Senators Aim To Prohibit Gasoline Price GougingPOSTED: 1:30 pm PDTSeptember 21, 2005 WASHINGTON — Two Northwest senators, Republican Gordon Smith of Oregon and Democrat Maria Cantwell of Washington, have introduced legislation to prohibit gasoline price gouging during … More Is It Gouging for Politicians to Charge $1000 for a Meal?More Is It Gouging for Politicians to Charge $1000 for a Meal?

Governors Pile on the “Price Gouging” Bandwagon

Lynne Kiesling Many thanks to jeffrey.d for alerting me to the letter signed by eight governors asking for a federal gasoline pricing probe, and possible refunds of “excess profits” (remind me to add that to the list of economic non-concepts, right behind “price gouging” and “windfall profits”). The WaPo article mentions a study by Don … More Governors Pile on the “Price Gouging” BandwagonMore Governors Pile on the “Price Gouging” Bandwagon