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Purpose – The purpose of this paper is to explore the relationship between beliefs and economic policy in the context of gasoline prices following Hurricane Katrina. Design/methodology/approach – The paper applies three contributions – by North, Caplan and Higgs – to the question of...
Purpose – The purpose of this paper is to analyze some of the unseen negative effects of the post‐Katrina government policies dealing with housing in New Orleans. Design/methodology/approach – Since Hurricane Katrina, the government, along with private for profit and not‐for‐profit...
Purpose – The concept of “price gouging” during times of emergency, such as in the aftermath of Katrina, often evokes quite an emotional and reactive response from people who are outraged that stores and companies would increase their prices during a time of emergency. The problem is that...
Purpose – The purpose of this paper is to highlight the importance of property rights institutions to disaster relief efforts, with a focus on the US Federal Emergency Management Agency in the aftermath of Hurricane Katrina in New Orleans, Louisiana. Design/methodology/approach – The paper...
Purpose – The purpose of this paper is to apply economic and ethical analysis to natural disasters such as Hurricane Katrina to determine which approaches to disaster relief work best and which should be abandoned. Design/methodology/approach – This paper provides a combination of narrative...
Purpose – The purpose of this paper is to examine the effect the rebuilding of the casino industry has had on the recovery efforts from Katrina. Design/methodology/approach – The paper uses quarterly data from four states affected by Katrina, and a simple OLS model to test the effect the...
Purpose – The purpose of this paper is to analyze the rebuilding of the Gulf coast post‐Hurricane Katrina. Design/methodology/approach – The paper posits that though Frédéric Bastiat passed away in 1850, the beauty of his sound economic reasoning is that it does not change over time and...
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