A Precondition-Free Demonstration That the Wold-Juréen (1953) Utility Function (Always) Generates a Giffen Good
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More about this item
Keywords
Slutsky decomposition; Giffen Good; Wold-Juréen (1953) utility function; pedagogy.;All these keywords.
JEL classification:
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2022-06-20 (Utility Models and Prospect Theory)
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