verðdráttar
Verðdráttar, commonly known as "price gouging" in English, refers to the practice of significantly increasing prices for goods or services during periods of high demand or scarcity. This phenomenon is often observed in situations where supply is limited, such as natural disasters, power outages, or public health emergencies. In Iceland, verðdráttar has been a topic of public debate, particularly following events like the 2010 Eyjafjallajökull eruption, which disrupted air travel across Europe and led to increased demand for alternative transportation and accommodations.
The practice is generally considered unethical and, in many jurisdictions, illegal. Critics argue that verðdráttar exploits
Legal frameworks vary by country. Some regions impose temporary price controls during emergencies, while others rely