A Giffen good defies normal market behavior -- when the price of the good rises, demand for it actually increases. The existence of the phenomenon was first identified by a Victorian-era British ...

Giffen goods are non-luxury items that generate higher demand when prices rise, creating an upward-sloping demand curve contrary to standard laws of demand.

Therefore, when incomes rise, demand for these items tends to decrease accordingly. What Is the Difference Between a Giffen Good and an Inferior Good?

As Bitcoin streaks toward $6,000, I continue to think about what will drive it higher. In the near term, it struck me that Bitcoin is behaving as a Giffen good. Giffen goods are defined as "those ...

A Giffen good is one for which demand increases with price - that's obviously irrational, but Wintel expense may qualify because price increases do seem to precede demand surges, there have ...

Simply put, a Giffen good is a paradox of economics where rising prices lead to higher demand, which is in contrast to the negatively sloped demand curve that students learn in Economics 101.

A Giffen good — named for 19th-century Scottish economist Sir Robert Giffen — is an odd thing. It's something that people buy more of as the price goes up. With a Giffen good, people act in ...

We make the argument here that healthcare in the U.S. is the ultimate Giffen good as rising costs impede discretionary spending, but also reduce the ability of the consumer to earn income.

Giffen: In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises—violating the law of demand.

A Veblen good is a type of good for which demand increases as the price rises, typically due to its exclusivity and perceived social value.