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Giffen Demand for Several Goods

In: New Insights into the Theory of Giffen Goods

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  • Peter Norman Sørensen

    (University of Copenhagen)

Abstract

The utility maximizing consumer’s demand function may simultaneously possess the Giffen property for any number of goods strictly less than all. By way of a simple example it is possible to illuminate the preference characteristics conducive to such a result.

Suggested Citation

  • Peter Norman Sørensen, 2012. "Giffen Demand for Several Goods," Lecture Notes in Economics and Mathematical Systems, in: Wim Heijman & Pierre Mouche (ed.), New Insights into the Theory of Giffen Goods, pages 97-104, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-21777-7_8
    DOI: 10.1007/978-3-642-21777-7_8
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