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 …
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 …
Micheal Giberson I’m fascinated by this story by Karin Price Mueller, a columnist for The Star-Ledger, about post-Sandy price gouging. Here is the shortened version of the main episode: But after more than 48 hours without electricity …, my three children and I wanted a change of scenery. We went across town to a friend’s …
Columnist Alleges Post-sandy Pizza Price Gouging Read More »
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 …
New Jersey Moves Rapidly on Price Gouging Investigations Read More »
Michael Giberson At Fiscal Times, economist Mark Thoma discusses price gouging and fairness and capitalism. I hoped Thoma had provided the thoughtful defense of price gouging restrictions that John Carney was looking for. Thoma didn’t really–he had a weightier topic in mind and price gouging was just a lever he used to pry open the …
Michael Giberson An excerpt from a Thomas Sowell column on price gouging: Charges of “price gouging” usually arise when prices are significantly higher than what people have been used to…. This raises questions that go to the heart of economics: What are prices for? What role do they play in the economy? Prices are not …
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, …
Michael Giberson Thirty-four states and the District of Columbia have anti-price gouging laws In the wake of “Superstorm Sandy” there has been a lot of writing on price gouging. Constantine von Hoffman, CBS Moneywatch, said in his column that only seven of 13 states struck by the storm had laws against price gouging, but he …
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 …
Price Gouging: Can Economics Justify a Price Cap? Read More »
Michael Giberson A few weeks ago I posted “Are ‘outsiders’ more likely to be accused of price gouging?” Having noticed that all four persons arrested in Mississippi for price gouging after Hurricane Isaac had surnames indicating family origins in India, I wondered about the potential for discrimination in the application of price gouging laws. First, …
Are New Jersey ‘outsiders’ More Likely to Be Accused of Price Gouging? Read More »
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