The Last Word on Giffen Goods?

نویسنده

  • John H. Nachbar
چکیده

Giffen goods have long been a minor embarrassment to courses in microeconomic theory. The standard approach has been to dismiss Giffen goods as a theoretical curiosity without empirical content. This note points out that the underlying theory is itself seriously flawed.

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تاریخ انتشار 1996