Giffen behavior independent of the wealth level

DOI10.1007/s00199-008-0390-4zbMath1180.91121OpenAlexW1970372919MaRDI QIDQ836876

Koji Shimomura, Junko Doi, Kazumichi Iwasa

Publication date: 9 September 2009

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-008-0390-4

zbMATH Keywords

utility functionGiffen behaviorexpenditure sharestandard of living

Mathematics Subject Classification ID

Utility theory (91B16) Welfare economics (91B15)

Related Items

A note on effects of rational bubble on portfolios ⋮ Demand and equilibrium with inferior and Giffen behaviors ⋮ A dynamic two country Heckscher-Ohlin model with non-homothetic preferences ⋮ A strictly-concave, non-spliced, Giffen-compatible utility function ⋮ The uncompensated law of demand in an exchange economy ⋮ A class of symmetric and quadratic utility functions generating Giffen demand

Cites Work

• Simple utility functions with Giffen demand
• The last word on Giffen goods?
• Is Giffen behaviour compatible with the axioms of consumer theory?
• Indeterminacy in a dynamic two-country model
• Indeterminacy in the free-trade world

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