Notes on Some Theories of Giffen Behaviour

Rein Haagsma ()
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Rein Haagsma: Wageningen University

A chapter in New Insights into the Theory of Giffen Goods, 2012, pp 5-19 from Springer

Abstract: Abstract Alfred Marshall’s introduction of the “Giffen paradox” has kept the minds of many economists occupied for more than a century, as has the more general issue of the possibility of an upward sloping segment of the demand curve. In this paper, I will briefly discuss the main historical roots of this literature and investigate a number of explanations of a positively sloping demand curve.

Keywords: Marginal Utility; Demand Curve; Income Effect; Marginal Rate; Income Elasticity (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-21777-7_2

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DOI: 10.1007/978-3-642-21777-7_2

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