Understanding the Income Effect: Definitions and Real Examples

Learn about the income effect, along with how changes in consumer income affect demand, and its impact on normal and inferior ...
Harvard Business School

Quantifying the Inefficiency of Multi-unit Auctions for Normal Goods

Essig Aberg, Simon, and Brian Baisa. "Quantifying the Inefficiency of Multi-unit Auctions for Normal Goods." Art. 106094. Journal of Economic Theory 230 (December 2025).
Reuters

Chinese firms on U.S. sanctions list say only exported "normal" goods

BEIJING (Reuters) - Executives of two Chinese companies included on a new U.S. sanctions list targeting Iran said on Sunday they had only exported "normal" goods to the Middle Eastern country and didn ...