IN SEARCH OF GIFFEN BEHAVIOR

被引:16
作者
GILLEY, OW [1 ]
KARELS, GV [1 ]
机构
[1] UNIV NEBRASKA,DEPT FINANCE,LINCOLN,NE 68588
关键词
D O I
10.1111/j.1465-7295.1991.tb01264.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper develops a theory of Giffen behavior that results from a second rationing constraint. In contrast to standard analysis, this approach is virtually independent of the specific form of consumer preferences. The effect is first developed in a two‐good world along with an example, then extended to a more general case to determine if the effect vanishes as the choice set is expanded. The results demonstrate that Giffen behavior is plausible when a second rationing constraint applies and, furthermore, adding additional goods to the choice set does not necessarily cause the effect to vanish. Copyright © 1991, Wiley Blackwell. All rights reserved
引用
收藏
页码:182 / 189
页数:8
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