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Canadian Journal of Economics
Staff General Research Papers / Department of Economics, Iowa State University
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Indivisibilities, Inferior Goods, and Giffen Goods.
Garratt, Rod
- In:
Canadian Journal of Economics
30
(
1997
)
1
,
pp. 246-51
This paper shows how the presence of an indivisible good can cause a divisible good to be inferior and possibly Giffen. Indivisibility is shown to be central to a discussion by J. R. Hicks on inferior goods.
Persistent link: https://www.econbiz.de/10005604477
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A tale of two cities and a Giffen good
Garratt, Rod
- In:
Canadian Journal of Economics
38
(
2005
)
1
,
pp. 49-56
A scenario is provided in which a house in Eden Mills, Ontario, is a Giffen good. The conditions derived in the example apply to other indivisible goods as well.
Persistent link: https://www.econbiz.de/10005608879
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