Price Gouging Myths
Price gouging fails to explain the rising medical malpractice insurance premiums, as data shows that states with larger market shares actually experience lower prices. Firms grow by achieving efficiencies and lower costs, driving out less efficient competitors. The real culprit behind the premium hikes lies in increased jury awards and settlements, shifting the focus from competition to the legal landscape.In this clip
From this podcast
EconTalk
Alex Tabarrok on the Economics of Medical Malpractice
Related Questions