September 08, 2005
Is Price Gouging Efficient?
Posted by Christine Hurt
Dave Hoffman, who is no stranger to taking on the conventional blog wisdom, turns his sights today to price gouging. Although the "CBW" says that increasing prices, even in times of emergencies, assures us that the good will wind up in the hands of the people who value it most and act as a signal to consumers, Dave takes issue with that notion.
Not that I'm pro-regulation, anti-market or anything.
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