The last word on Giffen goods?

John Nachbar

Economic Theory, 1998, vol. 11, issue 2, 403-412

Abstract: Giffen goods have long been a minor embarrassment to economics. While it is customary to dismiss them as empirically irrelevant, this essay argues that a more fundamental difficulty with Giffen goods has somehow been overlooked.

JEL-codes: B4 D5 (search for similar items in EconPapers)
Date: 1998-01-30
Note: Received: March 20, 1996; revised version: February 3, 1997
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Citations: View citations in EconPapers (15)

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