Not all Giffen goods, are inferior goods
It is well known in the economic literature that the labour 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 prove...
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| Main Author: | |
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| Format: | Artigo |
| Language: | Inglês |
| Published: |
Universidad Nacional de Colombia
2023-06-01
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| Series: | Cuadernos de Economía |
| Subjects: | |
| Online Access: | https://revistas.unal.edu.co/index.php/ceconomia/article/view/97316 |
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