Anti-price gouging laws can increase economic welfare

An article by Robert Fleck of Clemson, forthcoming in the International Review of Law and Economics, presented a theoretical case that price gouging restrictions can be value-enhancing under certain conditions. I was skeptical, but Fleck is careful in building his case. The key qualifier above is under certain conditions. In “Can Prohibitions on ‘Price Gouging’ … More Anti-price gouging laws can increase economic welfare