Understanding Greedflation

This chapter examines the concept of 'greedflation,' shedding light on the behavior of firms in response to supply constraints and their role in inflationary trends. It discusses how businesses may coordinate price increases and the implications for consumers, as well as the psychological aspects influencing perceptions of price fairness. The chapter further analyzes the relationship between pricing strategies and economic conditions, introducing theories like 'seller's inflation' and exploring the complexities of consumer reactions to escalating prices.

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