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Simple utility functions with Giffen demand
Peter N. Sørensen
Vol. 31, No. 2 (May 2007), pp. 367-370
Published by: Springer
Stable URL: http://www.jstor.org/stable/27822522
Page Count: 4
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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.
Economic Theory © 2007 Springer