Monthly Archives: September 2017

The Economics Behind Price Gouging

With all the hurricanes lately, I’ve seen plenty of people get upset about price gouging in areas where people are evacuating and/or areas where people are hunkering down. Based on what I’ve seen, most people find the practice immoral, especially when there’s a crisis. It seems to be that people don’t quite understand why price gouging is actually the moral thing to do in times of a crisis. Hopefully, my personal experience in Oregon with the wildfires will shed some light on this.

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