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New Insights into the Theory of Giffen Goods

New Insights into the Theory of Giffen Goods
Kataloginformation
Feldname Details
Vorliegende Sprache eng
Hinweise auf parallele Ausgaben 352921072 Buchausg. u.d.T.: ‡New insights into the theory of giffen goods
ISBN 978-3-642-21776-0
Name Heijman, Willem
Mouche, Pierre
Name ANZEIGE DER KETTE Mouche, Pierre
T I T E L New Insights into the Theory of Giffen Goods
Verlagsort Berlin, Heidelberg
Verlag Springer-Verlag Berlin Heidelberg
Erscheinungsjahr 2012
2012
Umfang Online-Ressource (XII, 171p. 35 illus, digital)
Reihe Lecture Notes in Economics and Mathematical Systems ; 655
Lecture notes in economics and mathematical systems
Band 655
Notiz / Fußnoten Includes bibliographical references
Weiterer Inhalt New Insights into the Theory of Giffen Goods; Preface; Contents; Contributors; Introduction; Notes on Some Theories of Giffen Behaviour; 1 Introduction; 2 The Standard Problem; 3 The Case of an Additional Constraint; 4 Endogenous Income; 5 Final Remarks; References; Exact and Useful Optimization Methods for Microeconomics; 1 Introduction; 2 Customized Optimality Results for Microeconomics; 3 Testing for Operational Usefulness; Appendix; References; On the Definitions of Giffen and Inferior Goods; 1 Introduction; 2 Setting; 3 Definition of Giffen and Inferior Goods. 4 Each Giffen Good Is Inferior5 Non-decreasing Demand Functions That Are Nowhere Strictly Increasing; References; Giffen Behaviour and Strong Asymmetric Gross Substitutability; 1 Introduction; 2 Derivation of Necessary Conditions; 2.1 Unequal Income Elasticities: Weak Asymmetric Income Elasticity; 2.2 Inferior Good/Luxury: Strong Asymmetric Income Elasticity; 2.3 Unequal Gross Cross-Price Effects: Weak Asymmetric Gross Substitutability; 2.4 Good 1 Gross Substitute for Good 2, Good 2 Gross Complement to Good 1: Strong Asymmetric Gross Substitutability; 2.5 Strong Asymmetric Price Elasticity. 3 Relation Between Necessary Conditions4 Discussion; References; A Child Garden of Concrete Giffen Utility Functions: A Theoretical Review; 1 Introduction; 2 Setting; 3 Text Book Giffen Problem; 4 Weak Giffen Problem; 5 Strong Giffen Problem; 6 Inferiority Problems; Appendix; Proof of Example 1; Proof of Example 2; Proof of Example 3; Proof of Example 4; Proof of Example 5; References; On Giffen's Paradox; 1 Giffen's Paradox; 2 Indifference Map; 3 Demand Functions: Determination; 4 Demand Functions: Giffen's Paradox; 5 Giffen's Paradox and Offer Curves; 6 Revisiting the Indifference Map. Giffen Demand for Several Goods1 Introduction; 2 Utility; 3 Demand; 4 Example; 5 Converse; References; Giffen Behavior Independent of the Wealth Level; 1 Introduction; 2 Utility Function; 2.1 Definition and the Main Assumption; 2.2 Properties; 3 Derivation of the Demand Function; 3.1 Utility Maximization Problem; 3.2 Type I Budget Constraint; 3.3 Type II Budget Constraint; 3.4 First Main Proposition; 4 Properties of the Demand Functions; 4.1 Comparative Statics; 4.1.1 Price Effects; 4.1.2 Income Effects; 4.1.3 Diagrammatic Explanation of the Comparative Static Analysis. 4.1.4 Income Expansion Path and Price Offer Curve4.1.5 Independence of Giffen Behavior from Living Standard; 4.1.6 Expenditure Share on a Giffen Good; 5 Possible Generalizations; 6 Concluding Remarks; References; A Class of Indirect Utility Functions Predicting Giffen Behaviour; 1 Introduction; 2 The Indirect Utility Function; 3 Roy's Identity: A Geometric Interpretation; 4 Construction of an IUF Exhibiting Giffenity; 4.1 Construction of a Family of Indifference Curves in Price-Space; 4.2 Further Considerations; 4.3 The IUF in Explicit Form; 4.4 Marshallian Demands. 5 A Direct Utility Function Exhibiting Giffenity
Titelhinweis Buchausg. u.d.T.: ‡New insights into the theory of giffen goods
ISBN ISBN 978-3-642-21777-7
ISBN 1-283-44925-0 ebk
ISBN 978-1-283-44925-0 MyiLibrary
Klassifikation KCA
BUS069030
*91-06
91B42
91B16
00B15
330.1
338.5212
HB1-846.8
QC 110
Kurzbeschreibung 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
2. Kurzbeschreibung 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
1. Schlagwortkette Giffen-Effekt
Mikroökonomie
Aufsatzsammlung
ANZEIGE DER KETTE Giffen-Effekt -- Mikroökonomie -- Aufsatzsammlung
SWB-Titel-Idn 355110679
Signatur Springer E-Book
Bemerkungen Elektronischer Volltext - Campuslizenz
Elektronische Adresse $uhttp://dx.doi.org/10.1007/978-3-642-21777-7
Internetseite / Link Volltext
Siehe auch Volltext
Siehe auch Cover
Siehe auch Inhaltstext
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