Michael Giberson Tornadoes and floods have led to official declarations of disasters for parts of at least four states (Oklahoma, Missouri, Iowa, and Texas). All four states have laws against excessive price increases after emergencies, at least for the counties covered by the disaster declaration, and three of the Attorney Generals have issued a press … More Iowa flooding and price gouging
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 … More Fox Business: Preventing Price Gouging of Storm Victims
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 … More Norwalk Connecticut Gas Station Settles on Charges of Sandy-Related Price Gouging
While seeking out the guns and ammo price gouging post at Mother Jones (see link here) I came across a post-Katrina 2005 Political Mojo post by Bradford Plumer on price gouging that I don’t recall having seen before, and it provides a link to a Dave Hoffman post-Katrina post at PrawfsBlawg that actually advances some … More Hoffman on price gouging (in which I take on claims made in a 7-year old blog post)
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 … More Mother Jones on guns and ammo price gouging
Newly showing up in the “price gouging” news searches: claims of price gouging on guns. … More Price gouging on guns?
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 … More Economics research topics in price gouging from odd-even rationing to guilt and shame
Michael Giberson The New York Attorney General’s office continues its aggressive pursuit of price gouging violations, announcing another 12 cases last week. From the press release: “Our office will continue to take enforcement actions against price gougers because ripping off New Yorkers is against the law,” Attorney General Schneiderman said. “We are actively investigating the hundreds of … More Another round of price gouging charges in New York
Michael Giberson A graphic illustrating states with price gouging laws (blue) and states without them (gold). For a list of the states with citations and related notes, see my earlier “List of States With Anti-Price Gouging Laws.” So far as I know, the only serious attempt to explain why some states do have price … More Which states have price gouging laws?
Lynne Kiesling I cannot recommend highly enough the EconTalk conversation between Russ Roberts and Mike Munger on price gouging. Some hurricane, some gasoline, some John Locke, some Aquinas, well worth your time. Their discussion of Locke is fascinating. The comments from readers/listeners are also quite good. On the same topic, Art Carden posts a useful … More Some more worthwhile price gouging links