{"id":15920,"date":"2017-11-20T09:00:54","date_gmt":"2017-11-20T14:00:54","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=15920"},"modified":"2017-12-07T06:55:49","modified_gmt":"2017-12-07T11:55:49","slug":"why-price-gouging-during-natural-disasters-might-be-a-good-thing","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2017\/why-price-gouging-during-natural-disasters-might-be-a-good-thing\/","title":{"rendered":"Why Price Gouging During Natural Disasters Might Be A Good Thing"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/11\/112017_0811_WhyPriceGou1.jpg\" alt=\"\" width=\"642\" height=\"642\" \/><\/p>\n<p>Tyler Cowen talked about the lighter side of price gouging:<\/p>\n<ul>\n<li>After natural disasters companies that raise the prices of essentials like water suffer massive social media blowback.<\/li>\n<li>But if shops don&#8217;t do it, the people will simply buy it up and price gouge their neighbors.<\/li>\n<li>This then contributes to photos of empty shelves \u2013 which can make a crisis seem worse than it is, and drive activities like looting.<\/li>\n<li>If companies were able to charge higher prices they would have more of an incentive to increase inventories in the lead up to a disaster in the first place.<\/li>\n<li>Supplies of essentials would also increase as neighboring entrepreneurs would migrate to the disaster area with supplies for sale, knowing they can get a good price.<\/li>\n<li>The best alternative to price gouging isn&#8217;t forcing stores to sell at artificially low prices. It&#8217;s rationing, to make sure that people only get what they need in an emergency.<\/li>\n<\/ul>\n<p>Read more of the argument <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2017-09-05\/price-gouging-can-be-a-type-of-hurricane-aid\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tyler Cowen talked about the lighter side of price gouging: After natural disasters companies that raise the prices of essentials like water suffer massive social media blowback. But if shops don&#8217;t do it, the people will simply buy it up and price gouge their neighbors. This then contributes to photos of empty shelves \u2013 which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2017\/11\/112017_0811_WhyPriceGou1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=15920"}],"version-history":[{"count":2,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15920\/revisions"}],"predecessor-version":[{"id":15922,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/15920\/revisions\/15922"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/15919"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=15920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=15920"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=15920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}