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.

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 ...

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 ...

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 ...

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 ...

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.

From Mr Rudolf Gouws. Sir, Gary Rawlinson’s letter (July 20) reminded me of the luckless student in the 1960s who defined a “Giffen good” as “one vot was Giffen, not stolen” – he got ...