Download This PaperAn Intuitive Derivation of a Simple Giffen Good
3 Pages Posted: 29 May 2019
Date Written: April 1, 2019
Abstract
This brief paper describes an intuitive way to derive a utility function that produces a demand function with Giffen properties. The solution is surprisingly simple and the necessary algebra is suitable for introductory and intermediate microeconomics.
Keywords: Giffen demand function, consumer choice, introductory microeconomics
JEL Classification: A22, D11
Suggested Citation: Suggested Citation
Engström, Per, An Intuitive Derivation of a Simple Giffen Good (April 1, 2019). Available at SSRN: https://ssrn.com/abstract=3363669 or http://dx.doi.org/10.2139/ssrn.3363669
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN