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 »
Michael Giberson Are price gouging laws applied fairly? This past week Tropical Storm/Hurricane Isaac lead to disaster declarations and the invocation of price gouging laws in several gulf states. Here are a few selected quotes from all four price-gouging related press releases issued last week by Mississippi Attorney General Jim Hood: August 28: “Attorney General …
Are ‘outsiders’ More Likely to Be Accused of Price Gouging? Read More »
Michael Giberson The thunderstorms that tore up the Mid-Atlantic at the end of June left many thousands of people without power, sometimes for several days, during some unusually hot early summer weather. Among other things, the aftermath has been filled with price gouging complaints directed at hotels, gasoline stations, and retailers selling ice (and another). Maryland …
Price Gouging Worries in the Aftermath of Mid-atlantic Thunderstorms, Power Outages Read More »
Michael Giberson I don’t play Diablo III, but I do follow price gouging discussions online, which led me to this post on the Diablo III discussion forum: “Auction House and Price Gouging.” The initial complaint comes from a player trying to equip a new character through purchases in the Auction House, an in-game player-to-player trading mechanism, and …
Poor Market Design Causing High Prices in Diablo Iii Auction House? Read More »
Michael Giberson Jeremy’s Blog at LDSLiberty.org comments on a price gouging episode in The Long Winter, the sixth book in the Little House on the Prairie series by Laura Ingalls Wilder. Due to a long winter of snow and storms, the people in the town of De Smet are at the point of starving. Suddenly …
Price Gouging in Literature: Little House on the Prairie’s “The Long Winter” Read More »
Michael Giberson Venezuela “President” Hugo Chávez has put his government strongly behind efforts to combat price gouging, which in this context means selling a good for more than the government’s permitted price. The policy has had the usual effects: shortages of ordinary consumer goods and queues reminiscent of Soviet-style communism. The New York Times reports, …
Great Strides Have Been Made Combating Price Gougers in Venzuela Read More »
Michael Giberson SMBC on the president and the economy: [HT to Rick Weber for the heads up.]
Michael Giberson Five minutes of Matt Zwolinski on price gouging (from Learn Liberty). [youtube=http://www.youtube.com/watch?v=h9QEkw6_O6w] If you think price gouging should be against the law, watch this video. Are you persuaded by Zwolinski? Let me know in the comments. MORE: Zwolinski has written serious philosophical works on price gouging,which makes the clarity of his position in …
Zwolinski: “Is Price Gouging Immoral? Should It Be Illegal?” Read More »
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