Price gouging versus price reduction in retail gasoline markets during Hurricane Rita |
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| Authors: | Henry Neilson |
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| Institution: | aRice University, 9 Sunset Blvd., Houston, TX 77005, United States |
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| Abstract: | Using extensive hand-collected retail gas prices, I show that there was no price gouging in Bryan/College Station during Hurricane Rita. Instead, the retail price markup dropped by twelve cents during the hurricane, despite most stations running out of gas. |
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| Keywords: | Price gouging Hurricanes Fair pricing Gasoline pricing |
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