Talk:Giffen good/Archives/2017

Latest comment: 7 years ago by Uruiamme in topic Some guesses


Some guesses

I wonder if anyone has proposed that golf balls might be Giffen. I read where Costco accidentally resold a high-end name brand golf ball under their store brand. When rumor got out that they were virtually the same as the name brand, the demand quickly peaked and they ran out. My other example is that I had perceived that Apple products were supposed to be Giffen, but that may be difficult to prove in an apples-to-apples (pun intended) example. I don't know if branded, unequal products are directly comparable to look-alikes and competitors, but I get the feeling that Apple's product line has been somewhat accused of producing demand for products that are costlier than the competition.

Meanwhile, I wonder about "beta" products that are free or nominally priced until a certain date, and then when the regular cost is applied and the "beta" testers have good reviews, the product sells with a much higher demand at the higher cost. Indeed, I thought that the "free sample" or "try it free for 30 days" kind of marketing, whether of cigarettes in the 1950s, pharmaceuticals, or illegal drugs. I like to saw logs! (talk) 17:57, 21 March 2017 (UTC)