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It's true, of course, that the few that end up with the goods pay less for them, but this only benefits the lucky and connected few at the expense of the unlucky many. To be sure, you could argue that increased prices may not have led to greater flow of gasoline to the region this time, because of insurmountable transportation problems. Gasoline is used only for essential tasks and only by those who value it most. If not by price, then by other mechanisms: long lines and hours of waiting.
Is this somehow an intrinsically better allocation?
In the case of renovations, a site visit is required to get a better understanding of the project.
Like most of us, I have been glued to the television--moved by images from hurricane Katrina.
In the aftermath of a devastating hurricane, it is particularly important to avoid the silly moral posturing that so often characterizes news analysis of economic issues.
Depending on the project delivery method, the contractor will submit a fixed price proposal or bid, cost plus price or an estimate.
The general contractor considers the cost of home office overhead, general conditions, materials and equipment as well as the cost of labor to provide the owner with a price for the project.In what looked like either a heart attack, a sexual climax, or a fit of righteous rage, he accused oil companies of making excess profits and challenged them to give 20% of their excess profits to the disaster relief effort.