On simple concrete giffen utility functions : old and new results

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Abstract

The authors present a theoretical review of the literature on simple concrete continuous utility functions for Giffen and inferior goods within the context of the utility maximisation problem under a budget restriction and provide new functional forms. The article is organised around the specific properties such utility functions have. These properties include increasingness, quasi-concavity, and the applicability of Gossen's Second Law.
Original languageEnglish
Place of PublicationWageningen
PublisherMansholt Graduate School
Number of pages17
Publication statusPublished - 2009

Publication series

NameWorking paper / Mansholt Graduate School of Social Sciences : Discussion paper
PublisherMansholt Graduate School

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Keywords

  • economics
  • utility functions
  • economic analysis
  • consumer goods

Cite this

Heijman, W. J. M., & van Mouche, P. H. M. (2009). On simple concrete giffen utility functions : old and new results. (Working paper / Mansholt Graduate School of Social Sciences : Discussion paper). Wageningen: Mansholt Graduate School.