Tagged: price gouging

Not enough gouging - The Dismal Science

Eric Crampton Oct 15, 2013

American conservatives rail (rightly) against legislation banning price gouging. The pretty standard economic case is hard to overturn: in a crisis, it's really important to make sure that we provide incentives to bring scarce resources into a disaster area and to ensure that those scarce resources are allocated appropriately. We can find some cases where anti-gouging legislation has done harm. Read More