The delimitation of Giffenity for the Wold-Juréen (1953) utility function using relative prices: a note
In the study of Giffen behavior or “Giffenity”, there remains a paradox. On the one hand, the Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade search for those two-good, particular utility functions, which exhibit Giffenity. On the other hand, there is no evide...
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| Format: | Article |
| Language: | English |
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De Gruyter
2020-12-01
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| Series: | Economics: Journal Articles |
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| Online Access: | https://doi.org/10.5018/economics-ejournal.ja.2020-26 |