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New Insights into the Theory of Giffen Goods

  • Book
  • © 2012

Overview

Editors:
  1. Wim Heijman

    1. , Social Sciences, Wageningen University, Wageningen, Netherlands

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    You can also search for this editor in PubMed   Google Scholar

  2. Pierre Mouche

    1. , Social Sciences, Wageningen University, Wageningen, Netherlands

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  • Latest insights into the theory of Giffen Goods
  • Contributions by the leading experts in the field
  • A new view on optimization methods in micro-economics

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 655)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xii
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  2. Introduction

    • Wim Heijman, Pierre von Mouche
    Pages 1-4

  3. Notes on Some Theories of Giffen Behaviour

    • Rein Haagsma
    Pages 5-19

  4. Exact and Useful Optimization Methods for Microeconomics

    • Erik J. Balder
    Pages 21-38

  5. On the Definitions of Giffen and Inferior Goods

    • Pierre von Mouche, Willem Pijnappel
    Pages 39-52

  6. Giffen Behaviour and Strong Asymmetric Gross Substitutability

    • Kris De Jaegher
    Pages 53-67

  7. A Child Garden of Concrete Giffen Utility Functions: A Theoretical Review

    • Wim Heijman, Pierre von Mouche
    Pages 69-88

  8. On Giffen’s Paradox

    • Herman O. A. Wold
    Pages 89-96

  9. Giffen Demand for Several Goods

    • Peter Norman Sørensen
    Pages 97-104

  10. Giffen Behavior Independent of the Wealth Level

    • Junko Doi, Kazumichi Iwasa, Koji Shimomura
    Pages 105-126

  11. A Class of Indirect Utility Functions Predicting Giffen Behaviour

    • Peter G. Moffatt
    Pages 127-141

  12. Close Substitutes and Upward-Sloping Demand Curves

    • Jan Rouwendal
    Pages 143-159

  13. Lotteries and the Law of Demand

    • Rodney J. Garratt
    Pages 161-171
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Keywords

About this book

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 “Giffen.” This may be because of a lack of understanding of the character of these goods. Therefore, the theories explained in this book may also produce a solid basis for further empirical research in the field. Experts throughout the world have contributed to this book, which predominantly pursues a mathematically rigorous approach. It may be used by researchers in the field of fundamental economics and in graduate-level courses in advanced microeconomics.

Editors and Affiliations

  • , Social Sciences, Wageningen University, Wageningen, Netherlands

    Wim Heijman, Pierre Mouche

About the editors

Wim Heijman (1953) received MSc degrees respectively in Economics and Human Geography from Tilburg University and the University of Utrecht in the Netherlands. He received his PhD degree from Wageningen University. In 2000 he was appointed Professor of Regional Economics at the latter university. He is also teaching micro- and macro subjects in undergraduate and graduate courses. Pierre von Mouche (1959) studied theoretical physics and mathematics at the University of Nijmegen. He received his PhD from the University of Utrecht under the supervision of Hans Duistermaat. Since 1989 he helds a position in economics at Wageningen University. His scientific interest concerns in particular mathematical economics.

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