A strictly-concave, non-spliced, Giffen-compatible utility function

DOI10.1016/J.ECONLET.2015.03.024zbMath1321.91039OpenAlexW2016403769MaRDI QIDQ500576

Daniel K. Biederman

Publication date: 5 October 2015

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2015.03.024

zbMATH Keywords

utility functionelasticity of marginal rate of substitutionGiffen behavior

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (3)

Optimal pricing and lot-sizing policies under promotional expense for some Veblen products ⋮ Demand and equilibrium with inferior and Giffen behaviors ⋮ The uncompensated law of demand: a `revealed preference' approach

Cites Work

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• New insights into the theory of Giffen goods
• Giffen behavior independent of the wealth level
• Simple utility functions with Giffen demand
• Preferences and normal goods: an easy-to-check necessary and sufficient condition
• An empirical implication of Auspitz-Lieben-Edgeworth-Pareto complementarity
• Is Giffen behaviour compatible with the axioms of consumer theory?
• A class of symmetric and quadratic utility functions generating Giffen demand
• Notes on Some Theories of Giffen Behaviour
• A Class of Indirect Utility Functions Predicting Giffen Behaviour

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