Giffen Behavior: Theory and Evidence
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This paper provides the first real-world evidence of Giffen behavior, i.e., upward sloping demand. Subsidizing the prices of dietary staples for extremely poor households in two provinces of China, we find strong evidence of Giffen behavior for rice in Hunan, and weaker evidence for wheat in Gansu.
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美国国家经济研究局创建时间：
2007-07-01
