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On the History and The Mathematics of the Wold-Juréen (1953) Utility Function, And Its Basis for the Modeling of Giffen Behavior†revisited
[On the History and the Mathematics of the Wold-Juréen (1953) Utility Function, And Its Basis for the Modeling of Giffen Behavior†revisado]

Author

Listed:
  • Romar Correa

    (University of Mumbai, India)

Abstract

Robert Sproule (2022A) demuestra que la función de utilidad de Wold-Juréen se caracteriza por la Giffenity y bajo condiciones particulares el bien Giffen es un bien inferior. Demostramos que solo un cambio de signo en la función de utilidad es suficiente para que la mercancía sea un bien Giffen y un bien inferior sin ninguna restricción impuesta sobre los parámetros del problema.

Suggested Citation

  • Romar Correa, 2023. "On the History and The Mathematics of the Wold-Juréen (1953) Utility Function, And Its Basis for the Modeling of Giffen Behavior†revisited [On the History and the Mathematics of the Wold-Juréen," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 10(1), pages 39-41.
    • Handle: RePEc:ucm:ijohet:v:10:y:2023:i:1:p:39-41
    DOI: 10.5209/ijhe.85773
    as

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    File URL: https://hdl.handle.net/20.500.14352/88148
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    More about this item

    Keywords

    Giffen goods; inferior goods.;

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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