Introduction

W.J.M. Heijman; P.H.M. van Mouche

doi:10.1007/978-3-642-21777-7_1

Introduction

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Abstract

This book deals with the neoclassical consumer theory of Giffen goods. According to this theory these are goods for which the quantity demanded increases if their price increases. There are other theories that describe mechanisms for such relationships, leading to, for example, Veblen goods. The following example, being a variant of an example by Marshall that initiated the thinking about Giffen goods, illustrates their plausible existence.

Original language	English
Title of host publication	New Insights into the Theory of Giffen Goods
Editors	W.J.M. Heijman, P.H.M. van Mouche
Place of Publication	Berlin
Publisher	Springer
Chapter	1
Pages	1-4
Number of pages	171
ISBN (Electronic)	9783642217777
ISBN (Print)	9783642217760
DOIs	https://doi.org/10.1007/978-3-642-21777-7_1
Publication status	Published - 2011

Publication series

Name	Lecture Notes in Economics and Mathematical Systems
Publisher	Springer
Number	655

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10.1007/978-3-642-21777-7_1

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abstract = "This book deals with the neoclassical consumer theory of Giffen goods. According to this theory these are goods for which the quantity demanded increases if their price increases. There are other theories that describe mechanisms for such relationships, leading to, for example, Veblen goods. The following example, being a variant of an example by Marshall that initiated the thinking about Giffen goods, illustrates their plausible existence.",

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Introduction

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