Price Gouging In A Hurricane: Do Free Market Forces Circumvent Price Controls?

The Ethics of Price Gouging

Price gouging occurs when, in the wake of an emergency, sellers of a certain necessary goods sharply raise their prices beyond the level needed to cover increased costs. Most people think that price gouging is immoral, and most states have laws rendering the practice a civil or criminal offense. The purpose of this paper is to explore some of the philosophic issues surrounding price gouging, an...

Drug Price Gouging: When Will it End?

Price gouging. There’s no other name for it. In recent years, many in the pharmaceutical industry have embarked on a largely unfettered campaign of drug price gouging. American Family Physician contributing editor Allen Shaughnessy, PharmD, outlines many examples in the accompanying editorial on this topic.1 Michael Munger, MD, president-elect of the American Academy of Family Physicians (AAFP)...

Text Message Price Gouging: A Perfect Storm of Tacit Collusion

INTRODUCTION ................................................................................... 217 I. TEXT MESSAGE PRICING ......................................................... 218 A. History of Text Message Pricing ............................................ 218 B. Text Messaging Price Comparison ......................................... 220 II. TEXT MESSAGING MARKET BACKGROUND ...........

Price Transmission Analysis in Iran Chicken Market

Over the past three decades vertical price transmission analysis has been the subject of considerable attention in applied agricultural conomics. It has been argued that the existence of asymmetric price transmission generates rents for marketing and processing agents. Retail prices allegedly move faster upwards than downwards in response to farm level pricemovements. This is an important issue...

Market Structure and Price Adjustment in the Iranian Tea Market