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Focusing the Search for Giffen Behavior

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  • Johnston, Richard S
  • Larson, Douglas M

Abstract

A recent paper by Otis Gilley and Gordon Karels (1991) showed that Giffen behavior can result from a rationing constraint that provides a second, lower bound to consumption. This model provides a far wider set of possibilities for uncovering Giffen behavior empirically than simply among the poor with limited consumption choices among a few staple items. Giffen behavior of this type can equally well result from the interaction of two binding upper constraints to the consumer's choice set. This is demonstrated with a consumer who experiences local satiation, the antithesis of the usual setting where Giffen goods are thought possible. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Johnston, Richard S & Larson, Douglas M, 1994. "Focusing the Search for Giffen Behavior," Economic Inquiry, Western Economic Association International, vol. 32(1), pages 168-174, January.
    • Handle: RePEc:oup:ecinqu:v:32:y:1994:i:1:p:168-74
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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. Di Vita, Giuseppe, 2001. "Are the outputs derived from secondary materials giffen goods?," Resources Policy, Elsevier, vol. 27(4), pages 255-260, December.
    3. Manuel Besada & Javier García & Miguel Mirás & Carmen Vázquez, 2011. "Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(3), pages 401-421, September.
    4. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, December.
    5. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
    6. Moffatt, Peter G., 2002. "Is Giffen behaviour compatible with the axioms of consumer theory?," Journal of Mathematical Economics, Elsevier, vol. 37(4), pages 259-267, July.

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