Inverse demand and anti-giffen goods

Ulrich Kohli

European Economic Review, 1985, vol. 27, issue 3, 397-404

Abstract: Consider the standard model of household theory and assume two goods, one of them a Giffen good. It is well known that the uncompensated direct demand for the Giffen good has a positive slope. However, contrary to common intuition, this note shows that the uncompensated inverse demand for the Giffen good has a negative slope, and it is the uncompensated inverse demand for the other good which is upward sloping. Positively sloped inverse demand curves tend to arise for vastly superior goods which can therefore be called anti-Giffen goods.

Date: 1985
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0014292185800246
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:27:y:1985:i:3:p:397-404

DOI: 10.1016/S0014-2921(85)80024-6

Access Statistics for this article

European Economic Review is currently edited by T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

More articles in European Economic Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().