Giffen Demand for Several Goods

Peter Sørensen

A chapter in New Insights into the Theory of Giffen Goods, 2012, pp 97-104 from Springer

Abstract: Abstract The utility maximizing consumer’s demand function may simultaneously possess the Giffen property for any number of goods strictly less than all. By way of a simple example it is possible to illuminate the preference characteristics conducive to such a result.

Keywords: Utility Function; Demand Function; Indifference Curve; Price Vector; Substitution Effect (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_8

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DOI: 10.1007/978-3-642-21777-7_8

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