Search Results for: price gouging giberson

Another Round of Price Gouging Charges in New York

Energy markets, Law, Regulation / By

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 …

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New York State Also Moves Quickly on Price Gougers

Economics, Politics, Regulation / By

Michael Giberson The New York Attorney General’s office takes action against 13 gas station owners in the state for price gouging. Like last week’s prompt response by New Jersey, this is unusually quick work for price gouging cases. A few quotes from the AG’s press release: NEW YORK – Attorney General Eric T. Schneiderman today …

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New Jersey Moves Rapidly on Price Gouging Investigations

1 Comment / Economics, Law, Liberty, Regulation / By

Michael Giberson Something new in the realm of price gouging law enforcement: speedy action. Frequently states begin investigations of consumer complaints only after the emergency is over, conclude investigations months later, and then begin negotiating some sort of settlement with accused stations. You may recall that New Jersey only finally reached a conclusion in its …

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The One-sided Debate over Price Gouging

3 Comments / Economics, Law, Liberty, Politics, Regulation / By

Michael Giberson John Carney proposes declaration of free-trade zones for gasoline in shortage-afflicted areas. Prices could stay regulated elsewhere, but consumers and merchants would gain the option to trade at higher prices within the zones. Great idea, but there is zero chance that very visible politicians will want to be upstaged by an invisible hand, …

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Price Gouging: Can Economics Justify a Price Cap?

4 Comments / Economics, Regulation / By

Michael Giberson Jeff Ely, Cheap Talk, blogged “Price Gouging“ Tyler Cowen, Marginal Revolution, responded with “Price gouging and the elasticity of supply“ David Henderson, EconLog, “Jeff Ely on Price Controls During Disasters“ Matt Zwolinski, Bleeding Heart Libertarians, “Price Gouging Roundup“ Sandeep Baliga, Cheap Talk, adds, “Why is there no price gouging in NYC?“ Baliga linked to …

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