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Anti-Gouging Laws, Shortages, and COVID-19: Insights from Consumer Searches

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Listed:
  • Rik Chakraborti

    (Christopher Newport University)

  • Gavin Roberts

    (Weber State University)

Abstract

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Suggested Citation

  • Rik Chakraborti & Gavin Roberts, 2020. "Anti-Gouging Laws, Shortages, and COVID-19: Insights from Consumer Searches," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 35(Winter 20), pages 1-20.
    • Handle: RePEc:jpe:journl:1726
    as

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    References listed on IDEAS

    as
    1. Dreda Culpepper & Walter Block, 2008. "Price gouging in the Katrina aftermath: free markets at work," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(7), pages 512-520, June.
    2. Jaemin Woo & Ann L. Owen, 2019. "Forecasting private consumption with Google Trends data," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 38(2), pages 81-91, March.
    3. Nikolaos Askitas, 2015. "Google search activity data and breaking trends," IZA World of Labor, Institute of Labor Economics (IZA), pages 206-206, November.
    4. Weitzman, Martin L, 1991. "Price Distortion and Shortage Deformation, or What Happened to the Soap?," American Economic Review, American Economic Association, vol. 81(3), pages 401-414, June.
    5. Stephens-Davidowitz, Seth, 2014. "The cost of racial animus on a black candidate: Evidence using Google search data," Journal of Public Economics, Elsevier, vol. 118(C), pages 26-40.
    6. Jeff Chan, 2019. "The effect of college education on intolerance: evidence from Google search data," Applied Economics Letters, Taylor & Francis Journals, vol. 26(2), pages 83-86, January.
    7. Jodie Ferguson & Pam Ellen & Gabriela Piscopo, 2011. "Suspicion and Perceptions of Price Fairness in Times of Crisis," Journal of Business Ethics, Springer, vol. 98(2), pages 331-349, January.
    8. W. David Montgomery & Robert A. Baron & Mary K. Weisskopf, 2007. "Potential Effects Of Proposed Price Gouging Legislation On The Cost And Severity Of Gasoline Supply Interruptions," Journal of Competition Law and Economics, Oxford University Press, vol. 3(3), pages 357-397.
    9. Deacon, Robert T & Sonstelie, Jon, 1989. "The Welfare Costs of Rationing by Waiting," Economic Inquiry, Western Economic Association International, vol. 27(2), pages 179-196, April.
    10. Jun, Seung-Pyo & Yoo, Hyoung Sun & Choi, San, 2018. "Ten years of research change using Google Trends: From the perspective of big data utilizations and applications," Technological Forecasting and Social Change, Elsevier, vol. 130(C), pages 69-87.
    Full references (including those not matched with items on IDEAS)

    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic consequences > Consumption > Hoarding

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Nitin Verma & Kenneth R. Fleischmann & Le Zhou & Bo Xie & Min Kyung Lee & Kate Rich & Kristina Shiroma & Chenyan Jia & Tara Zimmerman, 2022. "Trust in COVID‐19 public health information," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 73(12), pages 1776-1792, December.
    2. Rik Chakraborti & Gavin Roberts, 2023. "How price-gouging regulation undermined COVID-19 mitigation: county-level evidence of unintended consequences," Public Choice, Springer, vol. 196(1), pages 51-83, July.
    3. Dongjun Kim & Jinsung Yun & Kijung Kim & Seungil Lee, 2021. "A Comparative Study of the Robustness and Resilience of Retail Areas in Seoul, Korea before and after the COVID-19 Outbreak, Using Big Data," Sustainability, MDPI, vol. 13(6), pages 1-21, March.
    4. R. Chakraborti & G. Roberts, 2021. "Learning to Hoard: The Effects of Preexisting and Surprise Price-Gouging Regulation During the COVID-19 Pandemic," Journal of Consumer Policy, Springer, vol. 44(4), pages 507-529, December.

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    More about this item

    Keywords

    COVID-19; price gouging; shortages; price controls; panic buying; consumer search; pandemics;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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