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 language | English |
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Article number | 608645 |
Journal | ISRN Economics |
Volume | 2012 |
DOIs | |
Publication status | Published - 2012 |