In Search of A Giffen Input: A Comprehensive Analysis of The Wold-Juréen (1953) Production Function

Robert Sproule and Michael Karras

MPRA Paper from University Library of Munich, Germany

Abstract: The Wold-Juréen (1953) functional form has proven to be invaluable to the development of consumer theory, and to the general search for utility functions which have the potential to yield a Giffen good. Because of this success, it seems only natural to ask about the value of Wold-Juréen (1953) functional form to the development of producer theory, and to the general quest for production functions which have the potential to yield a Giffen factor input. To date, this set of research questions remains unanswered, aside from one unenlightening comment by Weber (2001, page 622). The present paper answers these questions by offering a comprehensive analysis of the Wold�Juréen (1953) production function in the ongoing search for production functions which have the potential to yield a Giffen factor.

Keywords: Slutsky decomposition; Giffen factor; Wold-Juréen (1953) production function; pedagogy. (search for similar items in EconPapers)
JEL-codes: A22 A23 D21 (search for similar items in EconPapers)
Date: 2022-05-08
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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