Price gouging

Michael Giberson at Knowledge Problem offers an extended discussion of price gouging. Here is the most recent entry: Predictable consequences of anti-price gouging laws.

Here are some of the earlier posts in that discussion:
Price gouging policy as rendered in everyday politics
Price gouging and behavioral economics – more work needed
Price gouging: Is it wrong? Should it be against the law?

Price gouging seems to me to be a special class of repugnant transactions, repugnant not because money is involved, but because too much money is involved. (Special, but not unique. Recall the $10,000 upper limit in yesterday's post.)