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Free markets in capital and labor are essential to rapid recovery from natural disaster. Political and rhetorical responses to Hurricane Katrina included denunciation of “price gougers” in the market for gasoline; the arbitrariness associated with anti-price gouging legislation may create uncertainty that reduces the attractiveness of the investment climate.
Published Online: 2009-4-15
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
