tag:blogger.com,1999:blog-7464708.post5650976088769540150..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: Price Gouging as a Rationing Device: Sandy EditionMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7464708.post-27165539232853678132012-11-02T16:00:51.224-04:002012-11-02T16:00:51.224-04:00Which is worse, high priced candles, or no candles...Which is worse, high priced candles, or no candles at all (because they just sold out at an artificially low price)?Lester Hunthttps://www.blogger.com/profile/14746157071827337723noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-37147750259542678652012-11-02T15:38:42.454-04:002012-11-02T15:38:42.454-04:00And generators exist. all those stations with gas ...And generators exist. all those stations with gas but no power would find power at some price. But, as the price is fixed, being open right now is all losses and no benefits at all. LoneSnarknoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-63052899447600817772012-11-02T15:36:45.858-04:002012-11-02T15:36:45.858-04:00Absolutely. At a high enough price for gasoline I&...Absolutely. At a high enough price for gasoline I'd get a hose and sell the gas out of the tank in my car, which just happens to be full right now but I have no problem staying home until the emergency is over. However, as the price at the station is regulated, there is no profit to me selling the 17 gallons out of my SUV. LoneSnarknoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-66219599448299866112012-11-02T13:46:16.337-04:002012-11-02T13:46:16.337-04:00Why isn't the increase in supply that comes al...Why isn't the increase in supply that comes along with a price increase mentioned in these situations. The focus is always on the decrease in demand from a price increase, but rising prices also induce more supplier to enter the market. It's a two sided coin, but I only ever hear about the demand side of the equation.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-16638938867449941002012-11-02T11:29:08.838-04:002012-11-02T11:29:08.838-04:00I am shocked to discover that you think more of yo...I am shocked to discover that you think more of you would have made the story better. Really, that is so unlike you.Fundmannoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-43234112741076069992012-11-02T10:08:07.839-04:002012-11-02T10:08:07.839-04:00Where did she get that "cash only" alter...<b>Where</b> did she get that "cash only" alternative? !! In addition to being hard to enforce, it just means bootleggers with <a href="http://squareup.com" rel="nofollow">Square</a> phones will be running relays to the ATM and charging a premium for the service.Tomhttps://www.blogger.com/profile/08574355302581451838noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-58206678970730987382012-11-02T10:02:23.087-04:002012-11-02T10:02:23.087-04:00The text intro should have said some economists sa...The text intro should have said <b>some</b> economists say preventing price gouging <b>always</b> makes matters worse. At NPR there are people still thinking PK is an economist.Tomhttps://www.blogger.com/profile/08574355302581451838noreply@blogger.comtag:blogger.com,1999:blog-7464708.post-81733296215348699302012-11-02T09:54:33.847-04:002012-11-02T09:54:33.847-04:00One of the best Econ-Talks you and Russ ever did. ...One of the best Econ-Talks you and Russ ever did. Really opened my eyes.Anonymousnoreply@blogger.com