{"title":"并不是所有的赠品都是次品","authors":"Hernán Vallejo","doi":"10.15446/cuad.econ.v42n89.97316","DOIUrl":null,"url":null,"abstract":"It is well known in the economic literature that the labour supply curve can bend backwards and, therefore, that leisure can be a Giffen good. It is also known that leisure can be a normal good. This article proves that if leisure is a Giffen good, it has to be a normal good. This result also proves that, contrary to common knowledge in economics, not all Giffen goods, are inferior goods. These results could be taken into account, for example, when finding empirical evidence and designing policies on labour supply, in an era of machine learning and artificial intelligence.","PeriodicalId":43588,"journal":{"name":"Cuadernos de Economia","volume":"57 1","pages":"0"},"PeriodicalIF":0.3000,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Not all Giffen goods, are inferior goods\",\"authors\":\"Hernán Vallejo\",\"doi\":\"10.15446/cuad.econ.v42n89.97316\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"It is well known in the economic literature that the labour supply curve can bend backwards and, therefore, that leisure can be a Giffen good. It is also known that leisure can be a normal good. This article proves that if leisure is a Giffen good, it has to be a normal good. This result also proves that, contrary to common knowledge in economics, not all Giffen goods, are inferior goods. These results could be taken into account, for example, when finding empirical evidence and designing policies on labour supply, in an era of machine learning and artificial intelligence.\",\"PeriodicalId\":43588,\"journal\":{\"name\":\"Cuadernos de Economia\",\"volume\":\"57 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.3000,\"publicationDate\":\"2023-06-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Cuadernos de Economia\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.15446/cuad.econ.v42n89.97316\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cuadernos de Economia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15446/cuad.econ.v42n89.97316","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
It is well known in the economic literature that the labour supply curve can bend backwards and, therefore, that leisure can be a Giffen good. It is also known that leisure can be a normal good. This article proves that if leisure is a Giffen good, it has to be a normal good. This result also proves that, contrary to common knowledge in economics, not all Giffen goods, are inferior goods. These results could be taken into account, for example, when finding empirical evidence and designing policies on labour supply, in an era of machine learning and artificial intelligence.
期刊介绍:
Cuadernos de Economía, es la revista de la Facultad de Ciencias Económicas de la Universidad Nacional de Colombia. Tiene como objetivo publicar en el ámbito académico nacional y latinoamericano, principalmente, los avances intelectuales en teoría, metodología y aplicaciones económicas. Recibe artículos de investigación, ensayos y reseñas en español, inglés y francés, que no hayan sido publicados en otras revistas científicas.