The Last Word on Giffen Goods?

Giffen goods have long been a minor embarrassment to courses in microeconomic theory. The standard approach has been to dismiss Giffen goods as a theoretical curiosity without empirical content. This note points out that the underlying theory is itself seriously flawed.

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Year of publication:	1996-02-14
Authors:	Nachbar, John H.
Institutions:	EconWPA
Subject:	Giffen goods \| demand theory \| general equilibrium theory

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Extent:	application/pdf application/x-tex application/postscript
Series:	GE, Growth, Math methods.
Type of publication:	Book / Working Paper
Notes:	Type of Document - Postscript from AMS-LaTeX; prepared on Macintosh; to print on Postscript; pages: 14 14 pages
Classification:	A22 - Undergraduate ; A23 - Graduate ; C62 - Existence and Stability Conditions of Equilibrium ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005125678