Economic Theory

, Volume 31, Issue 2, pp 367–370

Simple Utility Functions with Giffen Demand

Exposita Note

DOI: 10.1007/s00199-006-0086-6

Cite this article as:
Sørensen, P.N. Economic Theory (2007) 31: 367. doi:10.1007/s00199-006-0086-6

Abstract

Simple utility functions with the Giffen property are presented: locally, the demand curve for a good is upward sloping. The utility functions represent continuous, monotone, convex preferences.

Keywords

Preferences Giffen good 

JEL Classification Number

D11 

Copyright information

© Springer 2006

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of CopenhagenCopenhagen KDenmark