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 proves...
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| Vydáno v: | Cuadernos de Economía |
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| Hlavní autor: | |
| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
Universidad Nacional de Colombia
2023
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| Témata: | |
| On-line přístup: | https://www.redalyc.org/articulo.oa?id=282177567009 https://www.redalyc.org/journal/2821/282177567009/ https://www.redalyc.org/journal/2821/282177567009/html/ https://www.redalyc.org/journal/2821/282177567009/282177567009.epub https://www.redalyc.org/journal/2821/282177567009/movil https://doi.org/10.15446/cuad.econ.v42n89.97316 |
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