| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9737 |
| DP9737 Giffen?s Good: A case of mistaken identification | |
| Liam Brunt | |
| 发表日期 | 2013-11-17 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Giffen reported that, in the late nineteenth century, English wheat consumption rose when its price increased ? the first recorded ?Giffen good?. Using Giffen?s data, I explain how he reached his conclusion. I then show that his analysis was faulty: price elasticity of demand appears positive when the demand curve is incorrectly identified, but is significantly negative ? like any normal good ? when it is correctly identified. Since the pathological Giffen good case was actually just mistaken identification, it is no surprise that Giffen goods are impossible to find elsewhere. Popularization of the Giffen good stemmed from Marshall?s and Samuelson?s influential textbooks. |
| 主题 | Economic History ; Industrial Organization |
| 关键词 | Giffen good Identification Stationarity Endogeneity |
| URL | https://cepr.org/publications/dp9737 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538573 |
| 推荐引用方式 GB/T 7714 | Liam Brunt. DP9737 Giffen?s Good: A case of mistaken identification. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Liam Brunt]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Liam Brunt]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Liam Brunt]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
