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A difficulty in the search for Giffen behavior

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  • Christian Weber

Abstract

Gilley and Karels [1991] argue that economists should search for Giffen goods in cases where two or three goods are chosen subject to two constraints. This paper reconsiders their three-good model. With a third good added, traditional comparative statics analysis, which is absent from the simpler model, becomes crucial. The Slutsky equation with a negative own substitution effect reappears, suggesting that one good which is automatically Giffen in the two-good, two-constraint model may have a downward-sloping demand curve when the third good is added to the model. Copyright International Atlantic Economic Society 1997

Suggested Citation

  • Christian Weber, 1997. "A difficulty in the search for Giffen behavior," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(3), pages 289-296, September.
  • Handle: RePEc:kap:atlecj:v:25:y:1997:i:3:p:289-296
    DOI: 10.1007/BF02298410
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    File URL: http://hdl.handle.net/10.1007/BF02298410
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    Cited by:

    1. Di Vita, Giuseppe, 2001. "Are the outputs derived from secondary materials giffen goods?," Resources Policy, Elsevier, vol. 27(4), pages 255-260, December.
    2. Zhu, Drew, 2016. "The Mechanism of Giffen Behaviour," MPRA Paper 75707, University Library of Munich, Germany.

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