Is Giffen behaviour compatible with the axioms of consumer theory?

Moffatt, Peter G. (2002) Is Giffen behaviour compatible with the axioms of consumer theory? Journal of Mathematical Economics, 37 (4). pp. 259-267. ISSN 0304-4068

Full text not available from this repository. (Request a copy)

Abstract

A family of direct utility functions is constructed which exhibit the characteristic of Giffenity, while satisfying the axioms of convexity and monotonicity. The approach starts by specifying a price offer curve, C0, with a required backward-bending segment. Then a set of convex indifference curves is constructed having price offer curve arbitrarily close to C0.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Behavioural Economics Faculty of Social Sciences > Research Groups > Applied Econometrics And Finance Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences
Depositing User:	Vishal Gautam
Date Deposited:	01 Jul 2002
Last Modified:	22 Apr 2023 03:32
URI:	https://ueaeprints.uea.ac.uk/id/eprint/16675
DOI:	10.1016/S0304-4068(02)00033-2

Actions (login required)

View Item