Search Results - subject_exact:"Inferior goods"

Narrow search

Steady states with Giffen goods in the dynamic two-sector model

Iwasa, Kazumichi; Nishimura, Kazuo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639231

A theorem of the law of demand

Vallejo, Hernán - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012602706

Can the environment be an inferior good? : a theory with context-dependent substitutability and needs

Dupoux, Marion; Martinet, Vincent - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012064559

Prevention as a Giffen good : further results

Kit, Pong Wong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470888

Description of the bluffing phenomenon in the untrusted seller-buyer relationship via the wigner function of the q-deformed quantum harmonic oscillator model

Jafarov, E. I. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637342

Theme park rides are Giffen goods

Heutel, Garth - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015401046

Giffen behavior, income effects and Austrian price theory

Israel, Karl-Friedrich - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669644

A General Theory of Giffen Goods

He, Yiping - 2022

Giffen Goods were first observed by Giffen, defined and named by Marshall, and further explored by the Consumer Behavior Theory. This paper studies Giffen Goods and establishes the Giffen Goods Theory, which is a set of consistent theories of micro economics, middle economics and macro-economics...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013306672

Prevention as a Giffen good

Peter, Richard - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013207050

Show one more version 1

Prevention as a Giffen Good

Peter, Richard - 2021

Book / Working Paper

Not all Giffen Goods, are Inferior Goods

Vallejo, Hernan - 2021

It is well known in the economic literature that the labor supply curve can bend backwards and, therefore, that leisure can be a Giffen good. It is also known that leisure can be a normal good. This article proves that if leisure is a Giffen good, it has to be a normal good. This result also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013236872

Potato importance for development focusing on prices

Salmensuu, Olli - 2021

This paper studies potato prices and consumption in the progress of economic development. Potato status tends to evolve from a luxury to a normal and, lastly, to an inferior good. In the developed world, where the potato thrived and became a food for the poor, prices of the inferior potato...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012520141

Not all Giffen goods, are inferior goods

Vallejo G., Hernán Eduardo - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014547329

Show one more version 1

Not all giffen goods, are inferior goods

Vallejo G., Hernán Eduardo - 2021

Book / Working Paper

The delimitation of Giffenity for the Wold-Juréen (1953) utility function using relative prices : a note

Sproule, Robert A. - 2020

In the study of Giffen behavior or "Giffenity", there remains a paradox. On the one hand, the Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit Giffenity. On the other hand, there is no...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012262330

Show one more version 1

The delimitation of Giffenity for the Wold-Juréen (1953) utility function using relative prices : a note

Sproule, Robert A. - 2020

Book / Working Paper

The Giffen Paradox Revisited

Nguyen, Hai-Trieu v - 2020

This paper aims at defending the Austrian causal-realist demand theory which refutes the existence of an upward-sloping demand curve or the Giffen good. The analysis traces back to the fundamental difference between Austrian and neo-classical microeconomics, especially in utility theory....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012846969

Inferior Goods : A Utility Function Reflecting Product Quality and Quantity

Onuma, Ayumi - 2020

This paper theoretically derives a general utility function for inferior goods that accounts for the utility derived from both the quality and the quantity aspects of goods in a model with two substitutable consumption goods. We show the conditions under which a good becomes a normal, an...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012841970

Holiday gift giving in retreat

Waldfogel, Joel - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014232732

An Intuitive Derivation of a Simple Giffen Good

Engström, Per - 2019

This brief paper describes an intuitive way to derive a utility function that produces a demand function with Giffen properties. The solution is surprisingly simple and the necessary algebra is suitable for introductory and intermediate microeconomics

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012889439

Demand functions with inferior goods : the implicit function approach

Takahashi, Shuji - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012122714

Could the environment be a normal good for you and an inferior good for me? : a theory of context-dependent substitutability and needs

Dupoux, Marion; Martinet, Vincent - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013368013

Two conditions which induce Giffen behavior in any numerical analysis if applied to the Wold-Juréen (1953) utility function

Sproule, Robert A.; Karras, Michael - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014325678

Periodic solutions of the one-sector growth model: the role of income effects

Iwasa, Kazumichi; Sorger, Gerhard - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011880209

The income-demand curve : implicit function and data analysis methods

Takahashi, Shuji - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012489852

Calculating a Giffen good

Sasakura, Kazuyuki - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012653184

Does Wal-Mart sell inferior goods?

Basker, Emek - 2011

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009354656

Show 2 more versions 2

Does Wal-Mart Sell Inferior Goods?

Basker, Emek - 2016

Book / Working Paper

Does Wal-Mart Sell Inferior Goods?

Basker, Emek - 2008

Book / Working Paper

Price effects on compound commodities

Minagawa, Junichi; Upmann, Thorsten - 2016

We explore effects of simultaneous price changes for the demand of a group of goods, which we refer to as a compound commodity. Specifically, we consider unit and proportional cost components (e. g., taxes, transportation costs, etc.) imposed on the compound commodity. We find that there is a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011523742

Risk, ambiguity, and Giffen assets

Lanier, Joshua - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012415807

Perverse consequences of well intentioned regulation : evidence from India's child labor ban

Bharadwaj, Prashant; Lakdawala, Leah K.; Li, Nicholas - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012234433

Show 2 more versions 2

Perverse Consequences of Well Intentioned Regulation : Evidence from India's Child Labor Ban

Bharadwaj, Prashant - 2014

Book / Working Paper

Perverse Consequences of Well Intentioned Regulation : Evidence from India's Child Labor Ban

Bharadwaj, Prashant - 2013

Book / Working Paper

Demand and equilibrium with inferior and Giffen behaviors

Cuong Le Van; Pham, Ngoc-Sang - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012253673

Is Smoking Inferior? Evidence from Variation in the Earned Income Tax Credit

Kenkel, Donald Scott - 2014

In this paper we estimate the causal income elasticity of smoking participation, cessation, and cigarette demand conditional upon participation. Using an instrumental variables (IV) estimation strategy we find that smoking appears to be a normal good among low-income adults: higher instrumented...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013054509

Show 2 more versions 2

Is Smoking Inferior? Evidence from Variation in the Earned Income Tax Credit

Kenkel, Donald S. - 2014

Book / Working Paper

Is Smoking Inferior? Evidence from Variation in the Earned Income Tax Credit

Kenkel, Donald Scott - 2013

Book / Working Paper

Demand for public good as a correspondence of cost shares

Nouweland, Anne van den - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012108652

A tale of two cities and a Giffen good

Garratt, Rod - 2005

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10002655112

Show one more version 1

A Tale of Two Cities and a Giffen Good

Garratt, Rod - 2013

Book / Working Paper

Perverse consequences of well intentioned regulation : evidence from India's child labor ban

Bharadwaj, Prashant; Lakdawala, Leah K.; Li, Nicholas - 2013

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010208625

Show one more version 1

Perverse consequences of well intentioned regulation : evidence from India's child labor ban

Bharadwaj, Prashant; Lakdawala, Leah; Li, Nicholas - 2013

Book / Working Paper

Poverty traps and inferior goods in a dynamic Heckscher-Ohlin model

Bond, Eric W.; Iwasa, Kazumichi; Nishimura, Kazuo - 2013

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009790459

The Uncompensated Law of Demand in an exchange economy

Franks, Edwin; Bryant, William D. A. - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012016762

Not so dull? : Simon Gray and Giffen behaviour

White, Michael V. - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012034676

The history of an inferior good: Beer consumption in Germany

Volland, Benjamin - 2012

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010327360

Show one more version 1

The History of an Inferior Good: Beer Consumption in Germany

Volland, Benjamin - 2013

Book / Working Paper

Inferior Good and Giffen Behavior for Investing and Borrowing

Kubler, Felix - 2012

It is standard in economics to assume that assets are normal goods and demand is downward sloping in price. This view has its theoretical foundation in the classic single period model of Arrow with one risky asset and one risk free asset, where both are assumed to be held long, and preferences...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013113668

Giffen Goods in a Transition Economy : Subsistence Consumption in Russia

Shachmurove, Yochanan - 2012

In the last decade, events outside the realm of Western economics have been viewed as “paradoxes.” We focus on the Giffen paradox, and argue that Giffenity is consistent with a generalized law of demand. We confirm the occurrence of Giffenity in Russia during the early 1990s. During this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013110047

A peculiar archaeology : searching for Mr Giffen's behaviour

White, Michael V. - 2015

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010482965

Show one more version 1

A peculiar archaeology : searching for Mr. Giffen’s behaviour

White, Michael V. - 2012

Book / Working Paper

Giffen Goods Theory Under Demand Law

He, Yiping; Zhao, Gang; Gong, Xiaoming; Shi, Wei; … - 2012

Aiming at the wrong recognition over one century that Giffen goods are special examples of demand law and Giffen goods are rare, this paper strictly proves that the demand curve of any Giffen goods can only slopes lower right and any commodity that complies with the demand law would probably...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014173051

The Uncompensated Law of Demand : a "Revealed Preference" approach

Franks, Edwin; Bryant, William D. A. - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011801187

Sir Robert Giffen Meets Russia in Early 1990s

Shachmurove, Yochanan - 2011

This paper analyzes the theoretical foundations of Giffen goods and details the difficulty with which prior studies have encountered limited empirical proof of Giffenity. Subsequently, a discussion of the economic overview of Russia during the early 1990s is provided. The paper then applies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013122623

Giffen Goods : A Common Phenomenon in Macro Economy & Explanation of Economic Crisis From A Microeconomic View

He, Yiping; Shi, Wei; Zhao, Gang; Gong, Xiaoming - 2011

The current study points out that the derivation of the aggregate demand curve based on theory of consumer behavior has a fundamental flaw, from which the Giffen product has to be inferior good and has been always regarded as an exception of law of demand is therefore not convincing. The current...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014203372

When Galatea Cares About Her Reputation : How Having Faith in Your Workers Reduces Their Motivation to Shine

Kamphorst, Jurjen J.A; Swank, Otto H. - 2010

We develop a theory of leadership that focuses on the role managers play in motivating employees through their attitude towards employees. We model a manager's attitude as her perception about employees' abilities of successfully completing challenging tasks. We show that a positive attitude...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014044403

Giffen Behavior : Theory and Evidence

Jensen, Robert T. - 2010

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, ebvufind01.dmz1.zbw.eu/10012759955

Show 2 more versions 2

Giffen Behavior : Theory and Evidence

Jensen, Robert T. - 2007

Book / Working Paper

Giffen Behavior : Theory and Evidence

Jensen, Robert T.; Miller, Nolan - 2007

Book / Working Paper

When Galatea cares about her reputation : how having faith in your workers reduces their motivation to shine

Kamphorst, Jurjen J. A.; Swank, Otto H. - 2013

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009762406

Show 2 more versions 2

When Galatea cares about her reputation : how having faith in your workers reduces their motivation to shine

Kamphorst, Jurjen J. A.; Swank, Otto H. - 2010

Book / Working Paper

When Galatea cares about her reputation : how having faith in your workers reduces their motivation to shine

Kamphorst, Jurjen J. A.; Swank, Otto H. - 2010

Book / Working Paper

Giffen paradox and industrial development : a case study of family service industry in Beijing

Zheng, Shi; Huang, Shengnan; Wang, Zhibin; Wang, Zhigang - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011619831

On Why the Wold-Juréen (1953) Utility Function Cannot Generate a Giffen Good

Sproule, Robert - 2009

Presently, it is widely accepted that the particular utility function first reported by Wold and Juréen (1953), and later by Weber (1997), is capable of generating a Giffen good. This note challenges this view by showing that this Wold-Juréen (1953) utility function is not well-behaved, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013158270

Giffen Input in Cournot Model

Datta, Debabrata - 2009

Text book analysis shows that there is no giffen input in contrast to existence of giffen good in consumer's case. This paper shows that while this result holds for perfect competiton and monopoly, in the context of Cournot model there can be giffen input

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012719617

No Proper Name, No Proper Conduct: Company Affiliation and Product Quality in Wenzhou

Liao, Zhimin - 2015

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014615689