Abstract: This paper provides the first real-world evidence of Giffen behavior, i.e., upward sloping demand. Subsidizing the prices of dietary staples for extremely poor households in two …
A Giffen good is defined as a good which, when the own price of a good increases, the quantity demand for that good increases. Currently, most intermediate microeconomic textbooks …
This theorem gives rise to a ‘reflexion property’ of Giffen goods: the mirror DUF obtained by reversing the sign of an IUF displays Giffen behaviour with respect to one of the two goods if …
In this model, prices are expressed as exchange ratios between elements of the bundles.
It is standard in economics to assume that assets are normal goods and demand is downward sloping in price.
Abstract: This paper provides the first real-world evidence of Giffen behavior, i.e., upward sloping demand. Subsidizing the prices of dietary staples for extremely poor households in two …
This paper introduces the origin and economic implication of Giffen commodities as a foundation, analyzes the Giffen phenomenon in the era of the epidemic with some real life examples, and …