Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
No email address required.
Notes -
The problem with price-gouging in emergencies is that the combination of "people desperate", "local authorities off-balance", and "apparently-hostile behaviour" very frequently results in the consumer shooting the would-be price-gouger and taking the goods for free.
There are economic costs of price-fixing, certainly, but it has the social benefit of appearing honourable and staying within norms, thus discouraging ballistic discount. In terms of reasons to be coercive about it rather than let the market sort it out, part of it is the price-gougers not thinking that far ahead since emergencies are rare, and part of it is the externalities to society i.e. having people get mugged is bad for social cohesion and economic throughput above and beyond the detriment to the mugged person.
More options
Context Copy link