http://truthonthemarket.com/2006/05/22/the-ftc-report-on-price-gouging-and-its-absence/ Academic commentary on law, business, economics and more Sun, 12 Feb 2012 23:39:41 +0000 hourly 1 http://wordpress.com/ http://truthonthemarket.com/2006/05/22/the-ftc-report-on-price-gouging-and-its-absence/#comment-5899 Mon, 26 Jun 2006 20:42:06 +0000 http://www.truthonthemarket.com/2006/05/22/the-ftc-report-on-price-gouging-and-its-absence/#comment-5899 [...] Economist Michael Salinger, Director of the Federal Trade Commission’s Bureau of Economics for the past year, comments on the recent FTC Report and price gouging in Sunday’s WSJ (HT: Greg Mankiw). I have blogged a bit about the FTC Report previously: once about its findings (that “market manipulation” did not explain post-Katrina price increases), once about media reactions to the Report, and again criticizing the ill-advised proposed federal price gouging legislation. [...]

]]> http://truthonthemarket.com/2006/05/22/the-ftc-report-on-price-gouging-and-its-absence/#comment-5898 Wed, 24 May 2006 03:05:12 +0000 http://www.truthonthemarket.com/2006/05/22/the-ftc-report-on-price-gouging-and-its-absence/#comment-5898 [...] I posted on the FTC Report findings earlier. In sum, the FTC was able to identify only isolated and sporadic incidences of pricing behavior which were not explained by changes in supply and demand conditions at the local, regional, and national level. In addition, the FTC investigation did not reveal any antitrust violations. The reactions to the FTC’s findings exhibit the expected variance from political pandering, to accusations that the FTC “whitewashed” its report, to boredom from economists (to whom terms like “price gouging” and “unconscionable prices” are foreign). Here are a few examples of what I was able to find in print: [...]

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