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Peer reviewed Peer reviewed
ERIC Number: EJ541966
Record Type: Journal
Publication Date: 1997
Pages: N/A
Abstractor: N/A
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
The Case of a Giffen Good: Reply.
Spiegel, Uriel
Journal of Economic Education, v28 n1 p45-47 Win 1997
Reexamines Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve and incorporates Christian Weber's criticism into the model. Disagrees with Weber on some points but agrees that as income decreases the likelihood of the Giffen product decreases. (MJP)
Descriptors: Business Cycles, Consumer Economics, Economic Climate, Economic Factors, Economic Impact, Economic Research, Economics, Economics Education, Expenditures, Graphs, Investment, Microeconomics, Productivity, Purchasing, Scholarship, Supply and Demand, Undergraduate Study
Publication Type: Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: Researchers
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A