Anti-price-gouging law is neither good nor bad in itself: a proposal of narrative numeric method for transdisciplinary social discourses
Ji-Eun Byun,
Sang-ri Yi
Abstract:Multiple authorities have introduced an anti-price-gouging law to prevent sellers from raising prices higher than what is considered reasonable. Effectiveness of the law has been heatedly debated in various disciplines such as economics, ethics and politics. In this article, we investigate its effectiveness by developing a model that simulates a post-earthquake situation and apply the model to San Francisco, CA, USA. The model accounts for various competing forces, i.e. post-disaster increase in production cos… Show more
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