Related Research Articles
In microeconomics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa, violating the law of demand.
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded will decrease (↓); conversely, as the price of a good decreases (↓), quantity demanded will increase (↑)". Alfred Marshall worded this as: "When we say that a person's demand for anything increases, we mean that he will buy more of it than he would before at the same price, and that he will buy as much of it as before at a higher price". The law of demand, however, only makes a qualitative statement in the sense that it describes the direction of change in the amount of quantity demanded but not the magnitude of change.
Fernando Enrique Alvarez is an Argentine macroeconomist. He is professor of economics at the University of Chicago. He received his B.A. in Economics at Universidad Nacional de La Plata in 1989 and his Ph.D. from the University of Minnesota in 1994. He was elected a Fellow of the Econometric Society in 2008. He was named a Fellow of the American Academy of Arts and Sciences in 2018.
Sendhil Mullainathan is an American professor of Computation and Behavioral Science at the University of Chicago Booth School of Business and the author of Scarcity: Why Having Too Little Means So Much. He was hired with tenure by Harvard in 2004 after having spent six years at MIT.
Fabrizio Zilibotti is an Italian economist. He is the Tuntex Professor of International and Development Economics at Yale University. Zilibotti was previously professor of economics at University College London, the University of Zürich, and at the Institute for International Economic Studies in Stockholm.
Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions. As a growing field in behavioral economics, the role of culture in economic behavior is increasingly being demonstrated to cause significant differentials in decision-making and the management and valuation of assets.
Jens Otto Ludwig is a University of Chicago economist whose research focuses on social policy, particularly urban issues such as poverty, crime, and education. He is McCormick Foundation Professor of Social Service Administration, Law, and Public Policy in the School of Social Service Administration and Harris School of Public Policy Studies at the University of Chicago, where he also serves as Co-Director of the university's Urban Education and Crime Labs.
Marianne Bertrand is a Belgian economist who currently works as Chris P. Dialynas Distinguished Service Professor of Economics and Willard Graham Faculty Scholar at the University of Chicago's Booth School of Business. Bertrand belongs to the world's most prominent labour economists in terms of research, and has been awarded the 2004 Elaine Bennett Research Prize and the 2012 Sherwin Rosen Prize for Outstanding Contributions in the Field of Labor Economics. She is a research fellow of the National Bureau of Economic Research, and the IZA Institute of Labor Economics.
Pinelopi "Penny" Koujianou Goldberg is a Greek-American economist who served as chief economist of the World Bank from 2018 until 2020. She holds the named chair of Elihu Professor of Economics at Yale University. She is also a non-resident senior fellow at the Peterson Institute for International Economics.
Erica Marie Field is an economist who currently works as Professor of Economics and Global Health at Duke University. Her research interests include development economics, labour economics, and health economics. In 2010, her research was awarded the Elaine Bennett Research Prize.
Pascaline Dupas is a French economist whose research focuses on development economics and applied microeconomics, with a particular interest in health, education, and savings. She is a professor in economics and public affairs at Princeton University and is a co-chair of the Poverty Action Lab's health sector. She received the Best Young French Economist Prize in 2015.
Emi Nakamura is a Canadian-American economist. She is the Chancellor's Professor of Economics at University of California, Berkeley. Nakamura is a research associate and co-director of the Monetary Economics Program of the National Bureau of Economic Research, and a co-editor of the American Economic Review.
Hoyt Bleakley is an economist who currently works as an associate professor at the University of Michigan. His research has focused on economic history, development economics, labour economics, health economics, and international macroeconomics.
Nava Ashraf is a Canadian economist who is a professor of economics at the London School of Economics as well as research director of the Marshall Institute for Philanthropy and Social Entrepreneurship. Her research interests include development economics, behavioral economics, and family economics.
Nathan Nunn is an economist and Professor in the Vancouver School of Economics at the University of British Columbia. He is best known for his research on the long-term effects of slave trade on Africa. His research interests include economic development, cultural economics, political economy and international trade.
Joseph J. Doyle Jr. is a U.S. American economist and the Erwin H. Schell Professor of Management at the MIT Sloan School of Management. His research focuses on the public economics of healthcare and child welfare. He currently serves as co-director of the MIT Sloan Initiative for Health Systems Innovation and as co-chair of the Health Sector of the Abdul Latif Jameel Poverty Action Lab (J-PAL).
Mark Richard Rosenzweig is an economist and the Frank Altschul Professor of International Economics at Yale University, where he also directs the Economic Growth Center. Rosenzweig belongs to the world's most prominent agricultural and development economists, and is one of the leading scholars on the subjects of the economics of insurance and migration.
Muriel Niederle is a professor in the Department of Economics at Stanford University. Niederle teaches courses at Stanford University focusing specifically on experimental economics and market design. Muriel Niederle is interested in studying behavioral and experimental economics. Niederle's most recent publication was "Probabilistic States versus Multiple Certainties: The Obstacle of Uncertainty in Contingent Reasoning" in November 2017. She was elected a Fellow of the Econometric Society in 2017.
Jón Steinsson is Chancellor's Professor of Economics at University of California, Berkeley, a research associate and co-director of the Monetary Economics program of the National Bureau of Economic Research, and associate editor of both American Economic Review: Insights, and the Quarterly Journal of Economics. He received his PhD in economics from Harvard and his AB from Princeton.
Matthias Doepke is a German economist, currently Professor of Economics at the London School of Economics and Political Science and Gerald F. and Marjorie G. Fitzgerald Professor of Economic History at Northwestern University. His research focuses on economic growth, development, political economy and monetary economics.
References
- ↑ Webpage of Robert Jensen on the website of the Wharton School; retrieved January 26th, 2018.
- 1 2 CV of Robert Jensen; retrieved January 26th, 2018.
- ↑ Jensen, Robert (2007). "The Digital Provide: Information (Technology), Market Performance, and Welfare in the South Indian Fisheries Sector". The Quarterly Journal of Economics. 122 (3): 879–924. doi:10.1162/qjec.122.3.879.
- ↑ Jensen, Robert (2010). "The (Perceived) Returns to Education and the Demand for Schooling". The Quarterly Journal of Economics. 125 (2): 515–548. doi:10.1162/qjec.2010.125.2.515.
- ↑ Jensen, Robert; Oster, Emily (2009). "The Power of TV: Cable Television and Women's Status in India". The Quarterly Journal of Economics. 124 (3): 1057–1094. doi:10.1162/qjec.2009.124.3.1057.
- ↑ Jensen, Robert T.; Miller, Nolan H. (2008). "Giffen Behavior and Subsistence Consumption" (PDF). The American Economic Review. 98 (4): 1553–1577. doi:10.1257/aer.98.4.1553. JSTOR 29730133. PMC 2964162 . PMID 21031158.
- ↑ Jensen, R.T.; Miller, N. H. (2011). "Do Consumer Price Subsidies Really Improve Nutrition?" (PDF). Review of Economics and Statistics. 93 (4): 1205–1223. doi:10.1162/REST_a_00118. PMC 3324856 . PMID 22505779.
