A Giffen good is a low-income, non-luxury product that defies standard economic and consumer demand theory. Demand for Giffen goods rises when the price rises and falls when the price falls.

Two economists have hunted down a real-world example of one of economics' rarest theoretical creatures - a Giffen good. A Giffen good defies normal market behavior -- when the price of the good ...

The quest for the elusive Giffen good has taken economists to the depths of the Irish potato famine, to the poorest parts of rural China and to the cages of lab rats at Texas A&M University.

The only “C” I got in college was in intermediate macroeconomics, but I remember one economics term that I really loved — the “Giffen good.” With ordinary, rational economic behavior ...

Those who agree probably haven’t heard of the concept of a “Giffen good.” Simply put, a Giffen good is a paradox of economics where rising prices lead to higher demand, which is in contrast ...

In the near term, it struck me that Bitcoin is behaving as a Giffen good. Giffen goods are defined as "those goods whose demand rises as their price rises." This is the opposite of how most goods ...

Good for you! But how are you going to make the most of your newfound kingdom? By wringing all the money you can out of the oppressed poor using Giffen goods. Welcome! First of all, let me salute ...

As such, healthcare in the U.S. can be considered as a variation of a Giffen good. We then propose for review some of the implications on stock sectors. The canonical example often cited of a ...

A Veblen good is generally a high-quality, coveted product. This stands in contrast to a Giffen good, which also has an upward-sloping curve but is a non-luxury product with no easily available ...