Slutsky and Hicks Decompositions - Definitions: Giffen Good

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Made by Dr. Jens Peter Siebel with GeoGebra.

The utility function here has been originally proposed by Spiegel (1994). To my mind Spiegel's function serves the purpose of illustrating Giffenity best, although it lacks concavity in y.

Spiegel, U. 1994. The case of a "Giffen Good", Journal of Economic Education 25, 137 - 147.

Last update: 04/05/2011