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Another reason "gouging" has good side effects (including incentivizing companies to rush more flights down there ASAP, driving down "gouging" prices) is that i
by inanutshellus 9y ago
Another reason "gouging" has good side effects (including incentivizing companies to rush more flights down there ASAP, driving down "gouging" prices) is that it helps stop hoarding of scarce resources:
http://money.cnn.com/2017/09/07/news/economy/gas-shortages-florida-irma/index.html http://money.cnn.com/2017/09/07/news/economy/gas-shortages-f...
^-- Here, Floridians aren't "gouged" for gas, so they stock up on more than they need "just in case", leaving the pumps empty and leaving companies with little incentive to rush their workers down w/ more gas.
I mean, do you want to drive a gas truck to Florida right now?