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Price-gouging law

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RALEIGH -- Consumers can blame North Carolina's price-gouging law for the gas lines and shortages appearing in the wake of Hurricane Ike. That's the assessment of a John Locke Foundation analyst who has studied the unintended consequences of price-gouging legislation. Click here to view and here to listen to Dr. Roy Cordato discussing this press release. "Gas station owners are afraid to raise prices in light of threats of prosecution from state government," said Dr. Roy Cordato, JLF Vice President for Research and Resident Scholar. "Because those owners refuse to raise prices, consumers continue to ...
In Favor of Price Gouging? - Freakonomics Blog -
Inevitably, stores sell out of water quickly; and, just as inevitably perhaps, there’s talk of price gouging — accusations that some stores jacked up the price of a bottle of water to unconscionable levels. The Massachusetts attorney general vows to investigate . Assume for a moment that every store tripled the price of water as soon the shortage became evident. How outraged would you be? How outraged should you be? Or, perversely, do you think stores should have charged even more , perhaps 10 times the normal amount for a bottle of water? How you answer these questions probably depends on when you got to the store ... market research, surveys and trends
Capitalism Magazine - The Myth of "Price Gouging"
Many consumers are angry about alleged price gouging at the pump, and politicians are listening. States with anti-"price gouging" laws are investigating and prosecuting complaints, while Washington is discussing a federal anti-"price gouging" law. Senate Majority Leader Bill Frist promises that "if the facts warrant it, I will support a federal anti-price gouging law." But there are no facts that could warrant such a law, because there is no such thing as "price gouging" by private businesses. The term "price gouging" implies that gas stations have an ability to forcibly inflict ... market research, surveys and trends


House to Take Up Anti-Price Gouging Bill
WASHINGTON (AP) - Worried about the political heat from high gasoline prices, the House is preparing to vote on a bill that would impose criminal and civil penalties on any energy company caught price gouging. The legislation, offered by Rep. Heather Wilson, R-N.M., calls for penalties of up to $150 million for refiners and other wholesalers and $2 million for retailers. House leaders said a vote was expected as early as Tuesday afternoon. A separate bill would streamline the permitting process for refinery expansion or construction of a new refinery. With gasoline topping $3 a gallon across much of the country, lawmakers ... industry trends, business articles and survey research
Is price gouging on bottled water against the law in Massachusetts ...
A significant water main break affecting over 2 million people in the suburban Boston area has lead the Massachusetts Governor Patrick Duval to declare a state of emergency .  A boil water order is also in effect.  Subsequently, the  Governor directed the state’s Division of Standards “to closely monitor bottled water prices in areas affected by the weekend’s water emergency, including inspecting stores in the region and responding to potential consumer complaints of price gouging.” Massachusetts Attorney General Martha Coakley said her office “will be sending out inspectors to review reports of price gouging ... industry trends, business articles and survey research
Price gouging complaints cited in report
The Texas Attorney General’s Office has received at least three complaints of price gouging during Hurricane Alex, according to a report made public Friday. Effects of the storm were first felt late Tuesday in the Rio Grande Valley and continued through Thursday. “Three complaints have been received, two regarding overcharging by motels and one regarding fuel,” said a report prepared Thursday by the Texas Division of Emergency Management obtained by the Brownsville Herald. Lauri Saathoff, a spokeswoman for Attorney General Greg Abbott’s office, would only say that a “handful” of complaints ... market trends, news research and surveys resources
Governor - Other
running for governor of Florida, there are a dozen other candidates who will be on the November ballot, as well as two qualified write-in candidates. Other Candidates For Governor Michael Arth Party: NPA Age: 57 Family: Wife, Maya; daughter, Sophia, age 8 Occupation: Urban Designer and Policy Analyst Education: Autodidact Political Experience: "I've done policy analysis, urban design, community building for decades. I'm not a career politician. I rebuilt a crack slum in DeLand, Florida and created a historic district called The Garden District." Issues: "Electoral Reform: Florida had 824 convicted public ... market trends, news research and surveys resources


Milk Price Gouging Law,. Section 396-rr of the State General Business Law (GBL). The milk price gouging law applies to the retail sale of fluid milk in ... technology research, surveys study and trend statistics
Anti-Price Gouging Laws and Gasoline Prices
New York's price gouging law, last updated in 1998, was utilized after ... Columbia have price gouging laws. Most state laws are only applicable while a ... technology research, surveys study and trend statistics
Is price gouging really the problem?
The word has been relentlessly bandied about, but what exactly is price gouging, and is it against the law for a firm to engage in this activity? ...
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WikiAnswers - What happens when you violate a blue law
The can be fired or evened removed from their area practice.This also might help:There are civil penalties of $100 per violation, but the penalties can be "stacked" if there are multiple violations... What happens if you violate civil law ? you go to jail plain and simple . in any country . What happens when there is a violation of the motor vehicle law ? you are held liable by the local police jurisdiction in your area of travel with the motor vehicle ... please consult the local police department Where is the blue law ? The blue law consists of two places, 1. the united states and 2. canada! Related articles: Blue ...
Tying, price fixing, price gouging, other antitrust vilations ...
Antitrust issues tend to come up when a company is thinking about making a big step (i.e. new pricing strategy, merger, etc.) which involves agreements with other industry players. You mention tying and price fixing. Tying, like many antitrust claims, may be either per se illegal or subject to the rule of reason (reasonableness analysis). In an actual dispute, your going to do all you can to fall in the latter category. You have to overcome that hurdle if you are the one subject to investigation, or else you have no chance to prove that what your doing is actually not anticompetitive. The leading case is Eastman Kodak v. ...