Michael Giberson This morning’s Washington Times carries my op-ed on price gouging. You should run out and buy a copy at your local newsstand, call the editor with loads of praise, encourage him to solicit my views more frequently, etc. Alternatively, read the op-ed at the Times website and offer comments here, there, or both …
Price Gouging Op-ed Appears in the Washington Times Read More »
Michael Giberson At the LegalMatch Law Blog, Sonya Ziaja editorializes in favor of laws against price gouging: Natural forces are blind to what they destroy. People aren’t. In the past month, tornadoes and flooding in the South and Midwest left behind crippled lives, destroyed homes, and eviscerated infrastructure. Now as the victims of the tornadoes …
Do Anti-price Gouging Laws Help the Victims of Natural Disaster? Read More »
Michael Giberson Image: MDOHKYgasprices_APR20_gasbuddy hosted on Flickr. Chart created at GasBuddy.com. Kentucky: Attorney General Jack Conway filed a motion last week seeking a temporary injunction to force Marathon Petroleum Co. to return its gasoline prices to April 26 levels, the date the state’s Governor declared a state of emergency due to flooding. From WLKY.com: Attorney General …
Gasoline Price Gouging Complaints Spur Kentucky, Maryland Attorneys General into Action Read More »
Michael Giberson Last Friday, April 15, 2011, Mark Edge, of the Free Talk Live radio show, interviewed me on price gouging. Generally speaking, we discuss the recent article on price gouging appearing in Regulation magazine, and we agree that even if price hikes after emergencies are troubling, there just isn’t a better way to manage …
Michael Giberson A letter to the editor of the South Florida Sun-Sentinel: The Interstate 95 express lane authority is price gouging! The express lane toll increases dramatically relative to traffic congestion, roadway emergencies and increased demand by motorists. A merchant who increases his prices during a weather emergency and times of increased demand can in …
A Once-stable Price Now Responding to Demand Changes Brings Price Gouging Charge Read More »
Michael Giberson The Spring 2011 issue of Regulation magazine carries my article, “The Problem with Price Gouging Laws.” One bit: Economists and policy analysts opposed to price gouging laws have relied on the simple logic of price controls: if you cap price increases during an emergency, you discourage conservation of needed goods at exactly the time they are in …
Michael Giberson A fool and his money are soon parted. –Thomas Tusser. Potassium iodide supplies in the United States have run low and the price shoots up. What sold for $10 or $20 dollars a week ago is now priced from $30 to $75 and more. Some cry “price gouging!” Regulation magazine has just published an …
Michael Giberson ABC News last week tackled the question, “Are Gas Stations Price Gouging?” (2:23 min. video) Surprisingly, I liked this story, though (and probably because) they mostly sidestep their question about price gouging and instead go in pursuit of “the highest priced gasoline in America.” They find it at a convenience store just outside …
Michael Giberson The Martha’s Vineyard Times: A panel of judges sitting in the federal First Circuit Court of Appeals has upheld a lower court ruling that gasoline prices on Martha’s Vineyard have not been illegally inflated by a conspiracy among retailers, according to a report by “The Docket,” the news blog of Massachusetts Lawyers Weekly. …
Michael Giberson Jason Maynard has produced a thesis examining “The Effects of Anti-Price Gouging Legislation on Supply Chain Dynamics“: Abstract: The purpose of this thesis is to model the effects of anti-price gouging (APG) legislation on the costs to businesses during the recovery period of a disaster. A system dynamics model of a business’s replenishment …
Effects of Anti-price Gouging Legislation on Supply Chain Dynamics Read More »
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