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Market Failure and Natural Disasters: A Reexamination of Anti-Gouging Laws

By
  • David B. Skarbek

This article will show that government action in times of crisis is often inconsistent with its rhetoric. Licensing is typically justified on the grounds that market mechanisms will not mitigate the

David B. Skarbek 2008-08-15 206:Journal Articles This article will show that government action in times of crisis is often inconsistent with its rhetoric. Licensing is typically justified on the grounds that market mechanisms will not mitigate the problems associated with asymmetric information. In