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9min chapter
Price Gouging or Price Information?
The Answer Is Transaction Costs
Intro
This chapter explores price gouging during emergencies and the anti-price gouging laws designed to combat excessive pricing. It critiques these regulations by illustrating their effects on market behavior and resource allocation while presenting a case for the benefits of high prices in disaster situations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode