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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. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, September.
    4. 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.
    5. 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.
    6. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

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