In the study of Giffen behavior or "Giffenity", there remains a paradox. On the one hand, the Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit Giffenity. On the other hand, there is no...

In the study of Giffen behavior or "Giffenity", there remains a paradox. On one hand, the Wold-Juréen (Demand analysis: A study in Econometrics, 1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit...

In the study of Giffen behavior or "Giffenity", there remains a paradox. On the one hand, the Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit Giffenity. On the other hand, there is no...

Twenty years ago, Peter Moffatt (2002) posed this general question: “Is Giffen behavior compatible with the axioms of consumer theory?” The present paper addresses this very same question, but only as it applies to the Wold-Juréen (1953) utility function. In this paper, we demonstrate that...

In the study of Giffen behavior or “Giffenity”, there remains a paradox. On one hand, the Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit Giffenity. On the other hand, there is no...

The present paper extends the existing literature on the relationship between the Wold-Juréen (1953) utility function and Giffen behavior, by extending the recent contribution by Sproule (2020) to the domain of numerical methods. In particular, this paper offers an analytical framework, by...

Both Weber (1997) and Sproule (2020) offered a precondition for the existence of Giffenity when the decision maker's utility function is the Wold-Juréen (1953) utility function. The purpose of this paper is to show that all preconditions (including those due to Weber (1997) and Sproule (2020))...

The Wold-Juréen (1953) functional form has proven to be invaluable to the development of consumer theory, and to the general search for utility functions which have the potential to yield a Giffen good. Because of this success, it seems only natural to ask about the value of Wold-Juréen (1953)...

Calendar anomalies are a class of financial market phenomena which links periodic, time-specific dummy variables and variations in the market price of an asset. Prior studies which report a calendar anomaly are seen by some as refutations of the efficient market hypothesis. In this paper, we...

Both the Wold-Juréen (1953) utility function and the Wold-Juréen (1953) production function have played a central role in the modelling and the analysis of the Giffen behavior. Using an amalgam of these two functions, this paper defines the Wold-Juréen (1953) functional form, and then...