The tool the Chinese government used to discipline Unilever on Friday was the country's Price Law, a regulation that limits public commentary about future prices to avoid anticompetitive practices, including price fixing.
Since the rise of the modern nation-state, classical economists have had to reason further from the Law of One Price, pointing out that the Law of One Price is a law of market-based economies and that the law becomes distorted as the market become distorted by forcible interruptions in transnational exchanges.
The office then launched its investigation, comparing gas prices before and after the crisis under the state's Price Gouging Law, which prohibits merchants from taking unfair advantage of consumers by selling goods or services for an "unconscionably excessive price" during disasters.
In addition, in order to limit drug-price inflation, the law limited increases in ASP to six percent every six months.
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By my review, every state east of the Mississippi River has a law against price gouging except for Maryland, Delaware, New Hampshire, and Ohio.
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The government, controversially, has passed a law capping the price at 52 kwachas - an emergency measure.
The Law of One Price: This principle is the beginning of currency valuation and it goes back over half a millennium.
"Buying what you're selling during a distribution has a strong tendency to artificially inflate the price, " says Columbia Law School securities expert John Coffee.
In other words, the Law of One Price refers to the profit margins, or the excess of price over cost, and not just the price.
But it is a nice object lesson in the basic economic proposition first put forward by David Ricardo as the Iron Law of One Price.
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Ricardo called this the iron law of one price.
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The GSA is exempt from anti-trust and they make it clear that nobody is to get a lower price than the government by law, so you can be assured of the lowest cost.
Some law-abiding motorists will surely be irritated at being stuck at the signals behind an errant driver, effectively paying the price for someone else's law breaking.
State law includes a provision against price gouging of an "unconscionably excessive price" during natural disasters.
Not in the semiconductor industry where brutal price cuts, la Moore's law, are the norm.
During the 1990s, the rising price of football players seemed like a law of nature.
The Association of Greater Manchester Authorities (AGMA) wants to create a by-law to set a minimum price.
Hessel cited Professor Barak Orbach of the University of Arizona law school who has studied price discrimination.
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For evidence, take a look at what happened after Massachusetts instituted heavy-handed price controls under its state health reform law considered by the White House to be a model for ObamaCare.
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You can quibble with the numbers, if you want, or point out that medical school costs more than law school, but the price of your education and preparation is going to be more or less constant.
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The trouble for Mr Cardoso is that in Brazil any devaluation would be a messy affair, risking a return to the psychology of inflation and so in practice, if not this time in law to the price indexation that made inflation so chronic.
This is because the strain on subsidies is bound to increase as the government usually raises the state-assured prices paid to farmers every year for procuring food grain stocks, while the supply price would remain frozen under the proposed law, he added.
In America, says Chris Bright of Clifford Chance, a law firm based in London, price-fixers face two other worries that their British counterparts have so far been spared.
Santa Clara County, concerns the increasingly popular tactic of suing drug manufacturers for violating price ceilings that were included in a federal law designed to distribute pharmaceuticals to Medicaid recipients.
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Stockmarkets obey a type of power law when the number of daily price-swings of 1% is, say, eight times the number of days seeing a 2% move, which is in turn eight times the number of 4% days.
Cool as the iPhone is--I'm buying one this weekend--the price couldn't be sustained in the world of the cheap revolution, where Moore's Law drives the cost down and buyers in China and India set the price.
Actually, the new law does remarkably little to affect the price or supply of energy in any form in the short run.
Unhappily for Alcon's shareholders, however, Swiss takeover law does allow bidders to pay one price to controlling shareholders and a lower one to the remainder.
The Law of Demand (the higher the price of anything, the less will be taken) predicts that employment will be adversely affected, especially for young and unskilled workers.
Therefore, the Court reasoned the cumulative impact of individual intrastate farmers producing more wheat then they were allotted under regulations could impact the price of wheat, defeating the purpose of the law.
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