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New Insights into the Theory of Giffen Goods

Wim Heijman, Pierre Mouche (Herausgeber)

Buch | Softcover

XII, 171 Seiten

2011 | 2012
Springer Berlin (Verlag)
978-3-642-21776-0 (ISBN)

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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.

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.

Introduction.- Notes on Some Theories of Giffen Behaviour.- Exact and Useful Optimization Methods for Microeconomics.- On the Definitions of Giffen and Inferior Goods.- Giffen Behaviour and Strong Assymetric Gross Substituability.- A Child Garden of Concrete Giffen Utility Functions: a Theoretical Review.- On Giffen's Paradox.- Giffen Demand for Several Goods.- Giffen Behaviour Independent of the Wealth Level.- A Class of Indirect Utility Functions Predicting Giffen Behaviour.- Close Substitutes and Upward-Sloping Demand Curves.- Lotteries and the Law of Demand.

Erscheint lt. Verlag	12.10.2011
Reihe/Serie	Lecture Notes in Economics and Mathematical Systems
Zusatzinfo	XII, 171 p. 35 illus.
Verlagsort	Berlin
Sprache	englisch
Maße	155 x 235 mm
Gewicht	287 g
Themenwelt	Mathematik / Informatik ► Mathematik ► Angewandte Mathematik
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
Schlagworte	Giffen Goods • Indirect Utility Functions • Lotteries • Non-decreasing Demand Functions • Optimization Methods
ISBN-10	3-642-21776-1 / 3642217761
ISBN-13	978-3-642-21776-0 / 9783642217760
Zustand	Neuware