On Giffen-like goods

Junichi Minagawa

Economics Letters, 2012, vol. 115, issue 2, 282-285

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.

Keywords: Alchian–Allen theorem; Giffen-like goods; Paradox of complementarity (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:2:p:282-285

DOI: 10.1016/j.econlet.2011.12.039

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