Not all Giffen Goods, are Inferior Goods

It is well known in the economic literature that the labor supply curve can bend backwards and, therefore, that leisure can be a Giffen good. It is also known that leisure can be a normal good. This article proves that if leisure is a Giffen good, it has to be a normal good. This result also proves...

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Detalles Bibliográficos
Autor Principal: Vallejo, Hernán
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2021
Materias:
Acceso en línea:http://hdl.handle.net/1992/49601

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