eBay bans sales of face masks and hand sanitizers to combat price gouging
eBay is a somewhat unique case, because the goods are often resale items. However, the reaction of many social-economics-warrior types suggests they have failed to realize that this kind of behavior is exactly why there is such a shortage of masks in the first place, despite somewhat recent scares with SARS and Ebola.Letting prices rise is one way to increase production in a hurry. If the mask producers only get to make the same profit margin regardless of demand, why bother fronting the money to increase stock or investing in extra storage space, if there is no guarantee they will be able to recoup those costs during black swans?