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On Giffen-like goods

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  • Minagawa, Junichi

Abstract

This paper provides, as a counter example to the Alchian–Allen theorem, a theory of Giffen-like goods: a per unit charge to two similar goods raises the relative price of the lower quality good and yet increases the (relative) demand of the good.

Suggested Citation

  • Minagawa, Junichi, 2012. "On Giffen-like goods," Economics Letters, Elsevier, vol. 115(2), pages 282-285.
    • Handle: RePEc:eee:ecolet:v:115:y:2012:i:2:p:282-285
    DOI: 10.1016/j.econlet.2011.12.039
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    References listed on IDEAS

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    Cited by:

    1. Junichi Minagawa & Thorsten Upmann, 2018. "Optimal taxation under a consumption target," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(4), pages 663-676, April.
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    3. Minagawa, Junichi & Upmann, Thorsten, 2013. "A note on parental time allocation," Labour Economics, Elsevier, vol. 25(C), pages 153-157.
    4. Junichi Minagawa & Thorsten Upmann, 2016. "Optimal Taxation under a Consumption Target," CESifo Working Paper Series 6067, CESifo.
    5. Ki-Hueng Kim & Kwan-Ryul Lee, 2019. "What Are South Korean Consumers’ Concerns When Buying Eco-Friendly Agricultural Products?," Sustainability, MDPI, vol. 11(17), pages 1-13, August.

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    More about this item

    Keywords

    Alchian–Allen theorem; Giffen-like goods; Paradox of complementarity;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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