Displaying 81 - 90 of 431

Why not double the price?


Tim Harford offers an interesting analysis of the great XBox shortage of 2005. They are selling for $300, except that they are not selling because there is a massive shortage. He asks the question: why doesn't Microsoft raise the price to $...

Read more

Gasoline in California

U.S. EconomyPolitical TheoryPrices


From Mike Davis:

With the rise of gas prices above the $3 a gallon psychological level, and the record quarterly profits of Exxon Mobil, accusations of price fixing, price gouging and profiteering abound. Big-oil CEO's have been called before a...

Read more

Concise Guide to Price Gouging

Legal SystemCalculation and KnowledgePrices


6. Price Gouging

Price gouging -- charging higher prices under emergency conditions -- evokes strong emotional...

Read more

How to know that the price is too low

Monopoly and CompetitionPrices


Thousands show up for computer sale: People trampled, beaten with a folding chair. A woman urinating on herself. The police called, then themselves calling for backup. All to get a bargain.


Read more

Price Spreads and Brokers



On a recent visit to San Jose State University, I sat in on a Money & Banking lecture by Jeffrey Rogers Hummel. (I am assuming he doesn't mind me discussing this here...) He drew a supply-and-demand diagram for the housing market, and said that due to transactions costs, the number of...

Read more

Long Lines and Cleared Markets



It is sometimes said that long lines at theaters, sports events, and amusement parks are signs of a market that is not clearing and that prices should be raised. In fact, people pay in a combination of money and time costs, that's all. With a moderate-income clientele it makes sense for some...

Read more

The Rothbardian Critique of Consumer Sovereignty

PricesProduction TheoryValue and Exchange

04/13/2018Mises Daily Articles
Notwithstanding its endorsement by Mises, many modern Austrians reject the notion of consumer sovereignty as an inaccurate political metaphor.

Read more

The Non-Price Effects of Monetary Inflation

Monetary TheoryPricesProduction Theory

12/07/2017Quarterly Journal of Austrian Economics
The aim of this paper is to examine the non-price effects of monetary inflation.

Read more

Shield icon library