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World food prices have increased dramatically in recent years. We use panel data from 2006 to examine the impact of these increases on the consumption and nutrition of poor households in two Chinese provinces. We find that households in Hunan suffered no nutrition declines. Households in Gansu...
Persistent link: https://www.econbiz.de/10014214104
This paper provides the first rigorous, empirical evidence of the existence of Giffen behavior, i.e., a situation in which consumers respond to an increase in the price of a good by demanding more of it. We begin by examining several theoretical approaches to the Giffen phenomenon and show that...
Persistent link: https://www.econbiz.de/10014116878
Persistent link: https://www.econbiz.de/10003817551
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"This paper provides the first rigorous, empirical evidence of the existence of Giffen behavior, i.e., a situation in which consumers respond to an increase in the price of a good by demanding more of it. We begin by examining several theoretical approaches to the Giffen phenomenon and show that...
Persistent link: https://www.econbiz.de/10003520169
Persistent link: https://www.econbiz.de/10003526652
This paper provides the first rigorous, empirical evidence of the existence of Giffen behavior, i.e., a situation in which consumers respond to an increase in the price of a good by demanding more of it. We begin by examining several theoretical approaches to the Giffen phenomenon and show that...
Persistent link: https://www.econbiz.de/10003501164
Persistent link: https://www.econbiz.de/10003749202
Persistent link: https://www.econbiz.de/10003528550
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 provinces of China, we find strong evidence of Giffen behavior for rice in Hunan, and weaker evidence for wheat in...
Persistent link: https://www.econbiz.de/10012465410