My Amazon Guy

Price Gouging vs Market Shortages, How to Fix the Gap Period with Amazon #12

March 15, 2020 Steven Pope Season 1 Episode 12
My Amazon Guy
Price Gouging vs Market Shortages, How to Fix the Gap Period with Amazon #12
Show Notes

UPDATE: The Man With 17,700 Bottles of Hand Sanitizer Just Donated Them

"A key political and economic issue, and one that has been debated after every natural disaster for at least the last half century, is this: Should we allow market prices to rise temporarily following disasters and allow entrepreneurial “price gougers” to temporarily play a role of providing critical supplies during the “gap period” at elevated prices, or should we suppress market prices with government price controls?"

An economic analysis of market prices v. price controls post-natural disasters reveals superiority of market prices:

Amazon Cracks Down on Price Gouging, Sellers Hoarding Thousands of Hand Sanitizer:


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