Dollars and Sense: Exposing Unfair Pricing

David P. Byrne

Economic Papers, 2024, vol. 43, issue 4, 311-323

Abstract: This paper explores “price gouging” in oligopolistic industries. Drawing from Australian examples, it illustrates how determining who is responsible for market power‐related inefficiencies—whether from consumer or producer behaviour—is fundamental to defining and identifying price gouging. I then discuss how recent competition policy reforms in Australia and global changes in data availability and artificial intelligence shape firms' willingness and ability to price gouge. I close by discussing the future role of government in enabling pro‐competitive pricing in our increasingly digital economy through information aggregation and market design.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/1759-3441.12427

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:econpa:v:43:y:2024:i:4:p:311-323

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0812-0439

Access Statistics for this article

Economic Papers is currently edited by Professor Guay Lim

More articles in Economic Papers from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().