The last word on Giffen goods?
Abstract
Giffen goods have long been a minor embarrassment to economics. While it is customary to dismiss them as empirically irrelevant, this essay argues that a more fundamental difficulty with Giffen goods has somehow been overlooked.Download Info
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Bibliographic Info
Article provided by Springer in its journal Economic Theory.
Volume (Year): 11 (1998)
Issue (Month): 2 ()
Pages: 403-412
Note: Received: March 20, 1996; revised version: February 3, 1997
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Related research
Keywords:Other versions of this item:
- John H. Nachbar, 1996. "The Last Word on Giffen Goods?," GE, Growth, Math methods 9602001, EconWPA.
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dougan, William R, 1982. "Giffen Goods and the Law of Demand," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 809-15, August.
- Vives, Xavier, 1987. "Small Income Effects: A Marshallian Theory of Consumer Surplus and Downward Sloping Demand," Review of Economic Studies, Wiley Blackwell, vol. 54(1), pages 87-103, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Di Vita, Giuseppe, 2001. "Are the outputs derived from secondary materials giffen goods?," Resources Policy, Elsevier, vol. 27(4), pages 255-260, December.
- Peter Norman Sørensen, 2004.
"Simple Utility Functions with Giffen Demand,"
Discussion Papers
04-22, University of Copenhagen. Department of Economics.
- Peter Sørensen, 2007. "Simple Utility Functions with Giffen Demand," Economic Theory, Springer, vol. 31(2), pages 367-370, May.
- Junko Doi & Kazumichi Iwasa & Koji Shimomura, 2009. "Giffen behavior independent of the wealth level," Economic Theory, Springer, vol. 41(2), pages 247-267, November.
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