Demand and equilibrium with inferior and Giffen behaviors

We introduce a class of differentiable, strictly increasing, concave utility functions exhibiting an explicit demand of a good which may have Giffen behavior. We provide a necessary and sufficient condition (bases on prices and consumers’ preferences and income) under which this good is normal, inferior or Giffen.

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Year of publication:	2019-03-12
Authors:	Le Van, Cuong ; Pham, Ngoc-Sang

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Le Van, Cuong and Pham, Ngoc-Sang (2019): Demand and equilibrium with inferior and Giffen behaviors.
Classification:	D11 - Consumer Economics: Theory ; D51 - Exchange and Production Economies
Source:	BASE

Persistent link: https://www.econbiz.de/10015264919