
"Price gouging" in emergencies
Rationally Speaking Podcast
Canadian Competition Laws Regulate the Price Surge?
Rationing is not a good solution because it doesn't give an incentive to increased production. The only way you're going to get an increase in production is if prices rise. Rationing does not go to the highest valued use, which is indicated by those who can pay the higher prices. Youknw how much you can affordo to pay for the thing. So someone with a billion dollars isn't going to blink at spending 70 dollars for a mask. Whereas someone with a hundred dollars in their bank might be like: I do have an elderly parent staying with me, but even though it's so much money, i just can't justify spending that much money. Yes, let
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