Price gouging and the COVID-19 crisis – This time is (a little) different
As with previous shocks to supply and or demand resulting in shortages, the COVID-19 crisis has given rise to allegations of price “gouging.” Professor Michael...
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The economic analysis of price discrimination requires careful and thorough analysis of the data to ensure, among other things, that the transactions being evaluated are comparable and that the prices to the buyers have been adjusted, as appropriate, for all discounts, including deferred allowances, rebates, and other payments to the buyers.
In our work, we evaluate:
As with previous shocks to supply and or demand resulting in shortages, the COVID-19 crisis has given rise to allegations of price “gouging.” Professor Michael...
But price gouging laws in the US, exemplified by those enacted by state governments, were generally designed in anticipation of particular types of emergencies...