A Tale of Two Cities and a Giffen Good

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A Tale of Two Cities and a Giffen Good

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Rod Garratt (University of California, Santa Barbara)

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Rod Garratt

Abstract

A scenerio is provided in which a house in Eden Mills, Ontario is a Giffen good. The conditions derived in the example apply to other indivisible goods as well. Journal of Economic Literature classification number: D11.

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Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 5-03.

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Date of creation: 22 May 2003
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Handle: RePEc:cdl:ucsbec:5-03

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Article
- Rod Garratt, 2005. "A tale of two cities and a Giffen good," Canadian Journal of Economics, Canadian Economics Association, vol. 38(1), pages 49-56, February. [Downloadable!] (restricted)

References listed on IDEAS
Please 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.:

Cook, Philip J & Graham, Daniel A, 1977. "The Demand for Insurance and Protection: The Case of Irreplaceable Commodities," The Quarterly Journal of Economics, MIT Press, vol. 91(1), pages 143-56, February. [Downloadable!] (restricted)
Ted Bergstrom, 1986. "Soldiers of Fortune," University of California at Santa Barbara, Economics Working Paper Series 1986A, Department of Economics, UC Santa Barbara. [Downloadable!]
Ng Yew Kwang, 1965. "Why do People Buy Lottery Tickets? Choices Involving Risk and the Indivisibility of Expenditure," Journal of Political Economy, University of Chicago Press, vol. 73, pages 530. [Downloadable!] (restricted)
Garratt, Rod & Marshall, John M, 1994. "Public Finance of Private Goods: The Case of College Education," Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 566-82, June. [Downloadable!] (restricted)
Rod Garratt, 1997. "Indivisibilities, Inferior Goods, and Giffen Goods," Canadian Journal of Economics, Canadian Economics Association, vol. 30(1), pages 246-51, February. [Downloadable!] (restricted)
Hoy, Michael & Robson, Arthur J., 1981. "Insurance as a Giffen good," Economics Letters, Elsevier, vol. 8(1), pages 47-51. [Downloadable!] (restricted)
Marshall, John M, 1984. "Gambles and the Shadow Price of Death," American Economic Review, American Economic Association, vol. 74(1), pages 73-86, March.

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