How To Handle Shortages In A Disaster

The authorities have noticed the result of prohibiting price-gouging of gasoline–the early birds suck it all up and the late-comers find no gasoline available at any price. If price-gouging of gasoline were permitted, the early birds would buy only the least they could manage with, perhaps just enough to drive to where gasoline is cheaper, instead of filling their tanks. There would be some gasoline for all. The authorities propose some form of “rationing.” Well, price-gouging is rationing by price. What form of rationing do the authorities propose? One subject to favoritism and bribes?

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