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Introduction

In: New Insights into the Theory of Giffen Goods

Author

Listed:
  • Wim Heijman

    (Wageningen Universiteit)

  • Pierre Mouche

    (Wageningen Universiteit)

Abstract

This book deals with the neoclassical consumer theory of Giffen goods. According to this theory these are goods for which the quantity demanded increases if their price increases. There are other theories that describe mechanisms for such relationships, leading to, for example, Veblen goods. The following example, being a variant of an example by Marshall that initiated the thinking about Giffen goods, illustrates their plausible existence.

Suggested Citation

  • Wim Heijman & Pierre Mouche, 2012. "Introduction," Lecture Notes in Economics and Mathematical Systems, in: Wim Heijman & Pierre Mouche (ed.), New Insights into the Theory of Giffen Goods, pages 1-4, Springer.
  • Handle: RePEc:spr:lnechp:978-3-642-21777-7_1
    DOI: 10.1007/978-3-642-21777-7_1
    as

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