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- Price_gouging abstract "Price gouging is a pejorative term referring to when a seller spikes the prices of goods, services or commodities to a level much higher than is considered reasonable or fair, and is considered exploitative, potentially to an unethical extent. Usually this event occurs after a demand or supply shock: common examples include price increases of basic necessities after hurricanes or other natural disasters. In precise, legal usage, it is the name of a crime that applies in some jurisdictions of the United States during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. In the former Soviet Union, it was simply included under the single definition of speculation.The term is similar to profiteering but can be distinguished by being short-term and localized, and by a restriction to essentials such as food, clothing, shelter, medicine and equipment needed to preserve life, limb and property. In jurisdictions where there is no such crime, the term may still be used to pressure firms to refrain from such behavior.The term is not in widespread use in mainstream economic theory, but is sometimes used to refer to practices of a coercive monopoly which raises prices above the market rate that would otherwise prevail in a competitive environment. Alternatively, it may refer to suppliers' benefiting to excess from a short-term change in the demand curve.As a criminal offense, Florida's law is an example. Price gouging may be charged when a supplier of essential goods or services sharply raises the prices asked in anticipation of or during a civil emergency, or when it cancels or dishonors contracts in order to take advantage of an increase in prices related to such an emergency. The model case is a retailer who increases the price of existing stocks of milk and bread when a hurricane is imminent.In Florida, it is a defense to show that the price increase mostly reflects increased costs, such as running an emergency generator, or hazard pay for workers, while California places a ten percent cap on any increases.".
- Price_gouging wikiPageExternalLink cr_011.asp.
- Price_gouging wikiPageExternalLink 5D2710E379EAD6BC85256F03006AA2C5?OpenDocument.
- Price_gouging wikiPageID "879011".
- Price_gouging wikiPageLength "9990".
- Price_gouging wikiPageOutDegree "40".
- Price_gouging wikiPageRevisionID "681084137".
- Price_gouging wikiPageWikiLink After-market.
- Price_gouging wikiPageWikiLink Allocative_efficiency.
- Price_gouging wikiPageWikiLink Altruism.
- Price_gouging wikiPageWikiLink Amortization.
- Price_gouging wikiPageWikiLink California.
- Price_gouging wikiPageWikiLink Category:Commercial_crimes.
- Price_gouging wikiPageWikiLink Category:Pricing.
- Price_gouging wikiPageWikiLink Coercive_monopoly.
- Price_gouging wikiPageWikiLink Consent_decree.
- Price_gouging wikiPageWikiLink Constitution.
- Price_gouging wikiPageWikiLink Constitutional.
- Price_gouging wikiPageWikiLink Demand_curve.
- Price_gouging wikiPageWikiLink Emergency_power_system.
- Price_gouging wikiPageWikiLink Extortion.
- Price_gouging wikiPageWikiLink Fair_value.
- Price_gouging wikiPageWikiLink Florida.
- Price_gouging wikiPageWikiLink Free_market.
- Price_gouging wikiPageWikiLink Good_(economics).
- Price_gouging wikiPageWikiLink Hoarding.
- Price_gouging wikiPageWikiLink Hurricanes.
- Price_gouging wikiPageWikiLink Just_price.
- Price_gouging wikiPageWikiLink Mainstream_economics.
- Price_gouging wikiPageWikiLink Market-clearing_price.
- Price_gouging wikiPageWikiLink Market_clearing.
- Price_gouging wikiPageWikiLink Monopoly.
- Price_gouging wikiPageWikiLink Natural_disaster.
- Price_gouging wikiPageWikiLink Natural_disasters.
- Price_gouging wikiPageWikiLink Neoclassical_economics.
- Price_gouging wikiPageWikiLink Opportunity_cost.
- Price_gouging wikiPageWikiLink Opportunity_costs.
- Price_gouging wikiPageWikiLink Police_power_(United_States_constitutional_law).
- Price_gouging wikiPageWikiLink Power_outage.
- Price_gouging wikiPageWikiLink Price_fixing.
- Price_gouging wikiPageWikiLink Profiteering_(business).
- Price_gouging wikiPageWikiLink Revenue.
- Price_gouging wikiPageWikiLink Secondary_market.
- Price_gouging wikiPageWikiLink Sherman_Antitrust_Act.
- Price_gouging wikiPageWikiLink Siege_of_Paris_(1870–1871).
- Price_gouging wikiPageWikiLink Siege_of_Paris_(1870–71).
- Price_gouging wikiPageWikiLink Soviet_Union.
- Price_gouging wikiPageWikiLink Speculation.
- Price_gouging wikiPageWikiLink Thomas_Sowell.
- Price_gouging wikiPageWikiLink Tropical_cyclone.
- Price_gouging wikiPageWikiLink Unintended_consequences.
- Price_gouging wikiPageWikiLink United_States.
- Price_gouging wikiPageWikiLink Walter_E._Williams.
- Price_gouging wikiPageWikiLink Windfall_gain.
- Price_gouging wikiPageWikiLink Windfall_profits.
- Price_gouging wikiPageWikiLinkText "Fuel price rises".
- Price_gouging wikiPageWikiLinkText "Price gouging".
- Price_gouging wikiPageWikiLinkText "gouged".
- Price_gouging wikiPageWikiLinkText "gouging".
- Price_gouging wikiPageWikiLinkText "opportunistic".
- Price_gouging wikiPageWikiLinkText "price gougers".
- Price_gouging wikiPageWikiLinkText "price gouging".
- Price_gouging wikiPageWikiLinkText "price-gouge".
- Price_gouging wikiPageWikiLinkText "price-gouged".
- Price_gouging wikiPageWikiLinkText "price-gouger".
- Price_gouging wikiPageWikiLinkText "price-gouging".
- Price_gouging wikiPageWikiLinkText "raise prices".
- Price_gouging hasPhotoCollection Price_gouging.
- Price_gouging wikiPageUsesTemplate Template:Reflist.
- Price_gouging wikiPageUsesTemplate Template:Wiktionary.
- Price_gouging subject Category:Commercial_crimes.
- Price_gouging subject Category:Pricing.
- Price_gouging hypernym Term.
- Price_gouging comment "Price gouging is a pejorative term referring to when a seller spikes the prices of goods, services or commodities to a level much higher than is considered reasonable or fair, and is considered exploitative, potentially to an unethical extent. Usually this event occurs after a demand or supply shock: common examples include price increases of basic necessities after hurricanes or other natural disasters.".
- Price_gouging label "Price gouging".
- Price_gouging sameAs m.03l3l9.
- Price_gouging sameAs Speculă.
- Price_gouging sameAs Q1253693.
- Price_gouging sameAs Q1253693.
- Price_gouging wasDerivedFrom Price_gouging?oldid=681084137.
- Price_gouging isPrimaryTopicOf Price_gouging.