• Media type: E-Book
  • Title: Simple Utility Functions with Giffen Demand
  • Contributor: Sorensen, Peter Norman [Author]
  • Published: [S.l.]: SSRN, 2008
  • Extent: 1 Online-Ressource (16 p)
  • Language: English
  • DOI: 10.2139/ssrn.747244
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 20, 2005 erstellt
  • Description: We present some simple utility functions whose Marshallian demand functions possess the Giffen property: at some price-wealth pairs, the demand for a good marginally increases in response to an increase in its own price. The utility functions satisfy standard preference properties throughout the usual consumption set of non-negative bundles: continuity, monotonicity, and convexity
  • Access State: Open Access