Price Gouging: Politicians vs. Economists

Michael Giberson Price gouging has been all over the news lately. In Kentucky the state Attorney General has sued Marathon Oil for allegedly gouging customers in the months after Hurricanes Katrina and Rita. (Marathon is counter-suing the state, claiming the state‚Äôs law is unconstitutional on a number of grounds.) In Missouri the state has recently … More Price Gouging: Politicians vs. Economists