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re: "Price Gouging" during a disaster: Good or Bad
Posted on 9/1/17 at 6:33 pm to Winston Cup
Posted on 9/1/17 at 6:33 pm to Winston Cup
Terrell was good on gasbuddy this morning.
Just looked, they're out. frick lol
Just looked, they're out. frick lol
1
Posted on 9/1/17 at 6:34 pm to Scoop
It is good but people are stupid and emotional and so they hate "price gouging."
Posted on 9/1/17 at 6:35 pm to 50_Tiger
quote:
As the poster I quoted alluded too, just simply say x per person.
Is it that hard?
Who forces the vendors to do that?
Posted on 9/1/17 at 6:36 pm to TigerstuckinMS
quote:
Who forces the vendors to do that?
No one forces them too.
Municipalities can ask them too. People will remember who had their back when they were on the ground.
Posted on 9/1/17 at 6:36 pm to TH03
tons of gas in tyler fwiw
Posted on 9/1/17 at 6:37 pm to Winston Cup
quote:
tons of gas in tyler fwiw
Winston did you stop at the place off of 271?
Posted on 9/1/17 at 6:37 pm to Winston Cup
GoT as with no line today. Empty pumps next to me. On Washington and Studmont
Posted on 9/1/17 at 6:38 pm to bayoubengals88
quote:
Overwhelmingly good. Anyone who disagrees is using their heart instead of their brain.
In a modern city like Houston, the economical benefits of price gouging are mostly theoretical. They don't actually work in practice.
Posted on 9/1/17 at 6:38 pm to Winston Cup
Sweet. I got plenty to make it there if buccees is still out in the morning.
Posted on 9/1/17 at 6:39 pm to Scoop
When demand completely outstrips supply, then someone simply has to do without. If there isn't enough gas to go around, then there isn't enough to go around.
Raising the price high enough will make sure that the people who do get it are the most desperate, those who can really do without will.
If you keep the price low, there are some who will buy as much as they can, use what they need, and sell the rest (for a profit, of course).
Raising the price high enough will make sure that the people who do get it are the most desperate, those who can really do without will.
If you keep the price low, there are some who will buy as much as they can, use what they need, and sell the rest (for a profit, of course).
Posted on 9/1/17 at 6:39 pm to 50_Tiger
quote:
No one forces them too.
Municipalities can ask them too. People will remember who had their back when they were on the ground.
So, basically what you have in Dallas and Austin. Nobody's forcing the gas stations to limit how much people can buy, but they're free to do so if they choose. No rational player would do that, though, so the gas stations haven't out of the goodness of their hearts said "only fill up if you're under a quarter tank" or "five gallons per customer". They're going to sell as much as they are able to and they're barred by law to raise their prices in response to the massive panic demand and find some balance.
So, you end up with no gas.
This post was edited on 9/1/17 at 6:41 pm
Posted on 9/1/17 at 6:40 pm to TigerstuckinMS
quote:
So, basically what you have in Dallas and Austin. Nobody's forcing the gas stations to limit how much people can buy, but they're free to do so if they choose. No rational player would do that, though, so they haven't said "only fill up if you're under a quarter tank" or "five gallons per customer". They're barred by law to raise their prices in response to the massive panic demand and knock some of that demand down.
So there's no gas.
Actually some stations are limiting 9 gallons.
Also, DFW and Austin weren't underwater for about a week.
Posted on 9/1/17 at 6:42 pm to foshizzle
quote:
Raising the price high enough will make sure that the people who do get it are the most desperate, those who can really do without will.
DO you know most poor people who can afford 100 dollar water?
DO you really think if they could afford 100 dollar water they would of got out of town to a hotel in another city per say?
Posted on 9/1/17 at 6:47 pm to 50_Tiger
quote:
Actually some stations are limiting 9 gallons.
The vast majority aren't, though, and that's the problem with "just limit how much you sell". It doesn't work unless forced and centrally managed.
quote:
Also, DFW and Austin weren't underwater for about a week.
So even more reason to let those gas stations "price gouge" and get the panic demand out of the equation.
Posted on 9/1/17 at 6:49 pm to Scoop
Let the market set the price. If people will pay a higher price, so be it.
Posted on 9/1/17 at 6:52 pm to TigerstuckinMS
quote:
The vast majority aren't, though, and that's the problem with "just limit how much you sell". It doesn't work unless forced and centrally managed.
Can't the same thing be said for price gouging? It doesn't work unless everyone does it?
You're bordering on collusion, which is certainly anti-free market.
Posted on 9/1/17 at 6:55 pm to 50_Tiger
quote:
DO you know most poor people who can afford 100 dollar water?
DO you really think if they could afford 100 dollar water they would of got out of town to a hotel in another city per say?
This is why the textbook economic stance doesn't make sense in the real world. There are many more factors at play than simply saying higher prices will get the products to those who need it most.
Posted on 9/1/17 at 6:55 pm to slackster
quote:
You're bordering on collusion, which is certainly anti-free market
Collusion would need verbal or written documentation? Yes? To stick in a case?
Posted on 9/1/17 at 6:57 pm to Scoop
It's a moral dilemma. Price gouging looks awful, but it also makes people in farther off aces go shite I can bring a ton if stuff there and make a tidy profit.
Posted on 9/1/17 at 7:02 pm to slackster
quote:
Can't the same thing be said for price gouging? It doesn't work unless everyone does it?
People would do it, though. Raising prices is the NATURAL response to a massive increase in demand. Why do you think laws against "price gouging" even exist?
It sure as hell isn't because vendors were leaving their prices where they were pre-disaster in response to the increased demand during and after a disaster.
This post was edited on 9/1/17 at 7:05 pm
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