Post Tagged with: "Hurricane Irma"

Economic Argument for Price Gouging in Disasters – SDP#45

Economic Argument for Price Gouging in Disasters – SDP#45

VIDEO-Numerous laws prevent price increases when supplies become scarce relative to need during times of crisis. The argument is based upon ethics and not upon economics. Dr. Perrodin points out why short-term market-reflective prices in domestic disasters ultimately ensure a better supply of goods and that the free market tends to quickly stabilize prices without the need for government intervention.[Read More…]

by September 18, 2017 0 comments Video
Economic Argument for Price Gouging in Disasters – SDP#45

Economic Argument for Price Gouging in Disasters – SDP#45

PODCAST-Market-reflective prices in disasters ultimately ensure a better supply of goods. With extreme need arises a Sophie’s Choice: (1) empty shelves, or (2) hyper-expensive items. Dr. Perrodin argues that price controls are over-simplified “solutions” to short-term complicated resource acquisition issues and sides with free market supply and demand pricing during short-duration sentinel events such as Hurricanes Harvey and Irma.  [Read More…]

by September 17, 2017 0 comments Partner
Hashtag Hurricane Rescues Are Here to Stay – Pros & Cons – SDP#44

Hashtag Hurricane Rescues Are Here to Stay – Pros & Cons – SDP#44

VIDEO-Victims of hurricanes turned to Twitter and Facebook for help as floodwater rose and winds toppled structures. A combination of government and civilian rescuers answered their calls! 2017 is the demarcation line as we are officially in the social media age of natural disaster response. Dr. Perrodin explains how this new era has introduced both efficiencies and complexities to rescue[Read More…]

by September 11, 2017 0 comments Video
Hashtag Hurricane Rescues Are Here to Stay – Pros & Cons – SDP#44

Hashtag Hurricane Rescues Are Here to Stay – Pros & Cons – SDP#44

PODCAST-Victims of hurricanes turned to Twitter and Facebook for help as floodwater rose and winds toppled structures. A combination of government and civilian rescuers answered their calls! 2017 is the demarcation line as we are officially in the social media age of natural disaster response. Dr. Perrodin explains how this new era has introduced both efficiencies and complexities to rescue[Read More…]

by September 10, 2017 0 comments Partner