New Insights into the Theory of Giffen Goods

• Corporate Author: SpringerLink (Online service)
• Other Authors: Heijman, Wim (Editor), Mouche, Pierre von (Editor)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2012.
• Series: Lecture Notes in Economics and Mathematical Systems, 655
• Subjects: Mathematical optimization.; Economic theory.; Microeconomics.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Optimization.

One might expect that after their identification in the 19th century, all aspects of Giffen goods would have been studied by now. This appears not to be the case. This book contains the latest insights into the theory of Giffen goods. In the past, surprisingly few goods could be categorized as “Giff...

Table of Contents:

• Introduction
• Notes on Some Theories of Giffen Behaviour
• Exact and Useful Optimization Methods for Microeconomics
• On the Definitions of Giffen and Inferior Goods
• Giffen Behaviour and Strong Assymetric Gross Substituability
• A Child Garden of Concrete Giffen Utility Functions: a Theoretical Review
• On Giffen's Paradox
• Giffen Demand for Several Goods
• Giffen Behaviour Independent of the Wealth Level
• A Class of Indirect Utility Functions Predicting Giffen Behaviour
• Close Substitutes and Upward-Sloping Demand Curves
• Lotteries and the Law of Demand.