Sproule, Robert A. - In: Economics: The Open-Access, Open-Assessment E-Journal 14 (2020) 2020-26, pp. 1-8
In the study of Giffen behavior or "Giffenity", there remains a paradox. On the one hand, the Wold-Juréen (1953 …, which exhibit Giffenity. On the other hand, there is no evidence that the Wold-Juréen (1953) utility function has ever been … the Wold-Juréen (1953) utility function. That is, we show that if the price of Good 1 is greater than or equal to the …