Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 411221
Title A Child Garden of Concrete Giffen Utility Functions: A Theoretical Review
Author(s) Heijman, W.J.M.; Mouche, P.H.M. van
Source In: New Insights into the Theory of Giffen Goods / Heijman, W.J.M., van Mouche, P.H.M., Berlin : Springer (Lecture Note in Economics and Mathematical Systems 655) - ISBN 9783642217760 - p. 69 - 88.
Department(s) Agricultural Economics and Rural Policy Group
Economics of Consumers and Households Group
WASS
Publication type Peer reviewed book chapter
Publication year 2012
Abstract We present a theoretical review of the literature on concrete utility functions for Giffen and inferior goods within the context of the utility maximisation problem under a budget restriction and provide new functional forms. The presentation is organised around the specific properties such utility functions have. These properties include strict increasingness, quasi-concavity, and the applicability of Gossen’s second law.
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