IDEAS home Printed from https://ideas.repec.org/a/bla/buecrs/v39y1987i1p79-89.html
   My bibliography  Save this article

Giffen's Paradox Revisited

Author

Listed:
  • Berg, Morten

Abstract

The main argument of this paper is that the theoretical definition of Giffen's paradox is ambiguous to the extent that it ignores the initial endowments of the consumer. A Slutsky equation incorporating positive initial endowments is used to discuss the Irish demand for potatoes in 1845-1849, and a set of conditions to test whether or not the Irish potato was a Giffen good are deduced. Copyright 1987 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Berg, Morten, 1987. "Giffen's Paradox Revisited," Bulletin of Economic Research, Wiley Blackwell, vol. 39(1), pages 79-89, January.
    • Handle: RePEc:bla:buecrs:v:39:y:1987:i:1:p:79-89
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Miller, Anne, 2023. "Demand Theory for Poverty and Affluence: A Contribution to Utility Theory," MPRA Paper 117618, University Library of Munich, Germany, revised 13 Jun 2023.
    2. Robert Sproule & Ambrose Leung, 2007. "Using the compensating and equivalent variations to define the Slutsky Equation under a discrete price change," Economics Bulletin, AccessEcon, vol. 4(11), pages 1-9.
    3. Michael V. White, 1990. "Invention in the Face of Necessity: Marshallian Rhetoric and the Giffen Good(s)," The Economic Record, The Economic Society of Australia, vol. 66(1), pages 1-11, March.
    4. Miller, Anne, 2024. "The Concept of Separate needs in Cardinal Utility Theory: A Functional Form for Added Leaning-S-shaped Utlities," MPRA Paper 121455, University Library of Munich, Germany.
    5. Miller, Anne, 2022. "Demand theory for poverty and affluence," MPRA Paper 116144, University Library of Munich, Germany.
    6. Olli Salmensuu, 2021. "Potato Importance for Development Focusing on Prices," JRFM, MDPI, vol. 14(3), pages 1-14, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:buecrs:v:39:y:1987:i:1:p:79-89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.