What Will the Supermarket Look Like After the Blizzard?
By Bryan Caplan
Since there was a lot of interest in explaining supermarket shortages the night before the blizzard, I’m back for round 2. Here goes:
I’ll probably go to the supermarket tomorrow. What will the supermarket look like?
a. Still stripped bare. Due to the blizzard (and “fair” pricing), demand will still far exceed supply.
b. Business as usual. Demand disruptions (plus pre-storm precautionary demand) will roughly balance supply disruptions.
c. Over-stocked. Since the main roads are clear, but many residential streets remain unplowed, demand will be reduced much more than supply.
Extra points if you can derive your prediction from your initial theory about the pre-blizzard shortages.
Update: (a) holds for the local Giant. (c) holds for the local Costco.