A Convenient Utility Function with Giffen Behaviour

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Abstract

The paper proposes a simple utility function that can generate Giffen behaviour. The function suggests an alternative direction where Giffen behaviour can be found and also implies a convenient framework for empirical testing. Moreover, because of its simple form, the utility function is well-suited for teaching purposes.
Original languageEnglish
Article number608645
JournalISRN Economics
Volume2012
DOIs
Publication statusPublished - 2012

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