A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand
I provide a simple example of a quadratic utility function that generates a Giffen demand. The utility function is symmetric, increasing and concave. Interestingly, the Giffen effect arises in the subspace where the utility function is strictly increasing and strictly concave. A full characterizatio...
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sg-smu-ink.soe_research-26442019-05-29T03:33:43Z A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand LANDI, Massimiliano I provide a simple example of a quadratic utility function that generates a Giffen demand. The utility function is symmetric, increasing and concave. Interestingly, the Giffen effect arises in the subspace where the utility function is strictly increasing and strictly concave. A full characterization of the parameter conditions under which the Giffen demand arises is provided. 2015-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1645 info:doi/10.1016/j.mathsocsci.2014.11.006 https://ink.library.smu.edu.sg/context/soe_research/article/2644/viewcontent/ClassSymmetricQuadraticGiffen_2015.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics Economic Theory |
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Economics Economic Theory LANDI, Massimiliano A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand |
| description |
I provide a simple example of a quadratic utility function that generates a Giffen demand. The utility function is symmetric, increasing and concave. Interestingly, the Giffen effect arises in the subspace where the utility function is strictly increasing and strictly concave. A full characterization of the parameter conditions under which the Giffen demand arises is provided. |
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text |
| author |
LANDI, Massimiliano |
| author_facet |
LANDI, Massimiliano |
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LANDI, Massimiliano |
| title |
A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand |
| title_short |
A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand |
| title_full |
A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand |
| title_fullStr |
A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand |
| title_full_unstemmed |
A Class of Symmetric and Quadratic Utility Functions Generating Giffen Demand |
| title_sort |
class of symmetric and quadratic utility functions generating giffen demand |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2015 |
| url |
https://ink.library.smu.edu.sg/soe_research/1645 https://ink.library.smu.edu.sg/context/soe_research/article/2644/viewcontent/ClassSymmetricQuadraticGiffen_2015.pdf |
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