User:RandomP/On Giffen goods

I think it would be a good idea to have some more on that distinction, and I don't find the text included so far particularly clear. If I understand correctly, one way of summarising the difference is that, statistically, if a random person were offered a secret discount on a Giffen good they purchase, they could be expected to buy less of it, whereas with a non-Giffen Veblen good, they would usually be expected to buy more, as long as they were confident no one else would suspect they had gotten the good at a discounted price.

Also, this BBC article on tortillas in Mexico comes fairly close to claiming they're a modern example of Giffen goods. Ms Ysidro's statement in particular appears to be "if only tortillas weren't so expensive, we'd buy fewer of them".

I'm not going to put anything in, for now, as good sources are lacking.