Search Results for: %22price gouging%22

Price Gouging Laws Wasted Resources During the Hurricane Irene Emergency

Economics, Energy markets / By

Michael Giberson In a post at the Master Resource blog I point out another problem with anti-price gouging laws: during actual emergency conditions both state governments and consumers likely have much more important things to do that worry about whether particular price increases are unconscionable under the state’s understanding of that term. Among other points, …

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Tennessee Ag Settles Price Gouging Claim Against Knoxville Gasoline Retailer

Economics, Politics, Regulation / By

Michael Giberson Fall 2008 was a time of rapidly falling wholesale and retail gasoline prices throughout the United States, interrupted briefly due to the market disruptions of Hurricanes Gustav and Ike in early September. In Tennessee, retail price increases surrounding Hurricane Ike resulted in more the 4,000 complaints to the state government. Resulting investigations by …

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Price Gouging and the “Dark Side of Cooperation”

2 Comments / Economics, Regulation / By

Michael Giberson At Overcoming Bias, Robin Hanson points out that the human instinct for cooperation has good and bad consequences.  A handful of recent articles in reaction to Frans de Waal’s new book, The Age of Empathy, and other writing on cooperation have treated it as a good thing, as a helpful counterweight to human …

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