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In Search of Giffen Behavior

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  • Gilley, Otis W
  • Karels, Gordon V

Abstract

This paper develops a theory of Giffen behavior that results from a second rationing constraint. In contrast to standard analysis, this approach is virtually independent of the specific form of consumer preferences. The effect is first developed in a two-good world along with an example, then extended to a more general case to determine if the effect vanishes as the choice set is expanded. The results demonstrate that Giffen behavior is plausible when a second rationing constraint applies and, furthermore, adding additional goods to the choice set does not necessarily cause the effect to vanish. Copyright 1991 by Oxford University Press.

Suggested Citation

  • Gilley, Otis W & Karels, Gordon V, 1991. "In Search of Giffen Behavior," Economic Inquiry, Western Economic Association International, vol. 29(1), pages 182-189, January.
    • Handle: RePEc:oup:ecinqu:v:29:y:1991:i:1:p:182-89
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    Cited by:

    1. Allgood, Sam, 2001. "Grade targets and teaching innovations," Economics of Education Review, Elsevier, vol. 20(5), pages 485-493, October.
    2. Larson, Douglas M. & Johnston, Richard S., 1992. "Is Outdoor Recreation a Giffen Good?," 1992 Annual Meeting, August 9-12, Baltimore, Maryland 271390, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Di Vita, Giuseppe, 2001. "Are the outputs derived from secondary materials giffen goods?," Resources Policy, Elsevier, vol. 27(4), pages 255-260, December.
    4. Jensen, Robert & Miller, Nolan, 2007. "Giffen Behavior: Theory and Evidence," Working Paper Series rwp07-030, Harvard University, John F. Kennedy School of Government.
    5. Larson, Douglas M. & Johnston, Richard S., 1992. "Are Giffen Goods Really So Rare?," Working Papers 225871, University of California, Davis, Department of Agricultural and Resource Economics.
    6. Yochanan Shachmurove & Janusz Szyrmer, 2011. "Sir Robert Giffen Meets Russia in Early 1990s," PIER Working Paper Archive 11-020, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    7. Davies, John E, 1994. "Giffen Goods, the Survival Imperative, and the Irish Potato Culture," Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 547-565, June.
    8. Robert T. Jensen & Nolan H. Miller, 2007. "Giffen Behavior: Theory and Evidence," NBER Working Papers 13243, National Bureau of Economic Research, Inc.
    9. Kris De Jaegher, 2009. "Asymmetric Substitutability: Theory And Some Applications," Economic Inquiry, Western Economic Association International, vol. 47(4), pages 838-855, October.
    10. Christian E. Weber, 2003. "Multiple Constraints and Hicksian Complementarity: A Generalization and an Application to Portfolio Choice," Metroeconomica, Wiley Blackwell, vol. 54(1), pages 29-44, February.

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