Prices

Displaying 81 - 90 of 431

Why not double the price?

Prices

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

Blog11/28/2005

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

Blog09/02/2005

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

Blog08/17/2005

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.

The...

Read more

Price Spreads and Brokers

Prices

Blog03/24/2005

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

Prices

Blog02/09/2004

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