On simple concrete giffen utility functions : old and new results
2009
Heijman, W.J.M. | van Mouche, P.H.M.
The authors present a theoretical review of the literature on simple concrete continuous 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 article is organised around the specific properties such utility functions have. These properties include increasingness, quasi-concavity, and the applicability of Gossen's Second Law.
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