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A Tale of Two Cities and a Giffen Good
Rod Garratt, University of California, Santa Barbara
ABSTRACT: A scenerio is provided in which a house in Eden Mills, Ontario is a Giffen good. The conditions derived in the example apply to other indivisible goods as well. Journal of Economic Literature classification number: D11.
SUGGESTED CITATION: Rod Garratt,
"A Tale of Two Cities and a Giffen Good"
(May 22, 2003).
Department of Economics, UCSB.
Departmental Working Papers.
Paper 5-03.
http://repositories.cdlib.org/ucsbecon/dwp/5-03
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