Warm‐glow refers to prosocial behaviour that causes the actor to experience positive
feelings, apart from its social implications. We study an individual who enjoys taking a …

The mitigation of climate change requires a fundamental transition of the energy system.
Affordability, reliability and the reduction of greenhouse gas emissions constitute central but …

Metabolic behaviours of proliferating cells are often explained as a consequence of rational
optimization of cellular growth rate, whereas microeconomics formulates consumption …

This paper raises an approach to the study of consumer behaviour and markets with a
particular emphasis on agricultural commodities. It develops an analysis of demand for …

In the study of Giffen behavior or “Giffenity”, there remains a paradox. On the one hand, the
Wold-Juréen (1953) utility function has been touted as the progenitor of a multi-decade …

The present paper extends the existing literature on the relationship between the Wold-
Juréen (1953) utility function and Giffen behavior, by extending the recent contribution by …

The Wold-Jur´ een (1953) utility function serves as an exemplar of those utility functions
which have the potential to yield a Giffen good. As such, this utility function has contributed …

The main objective of this article is construction of a theoretical model of investment in gold.
Our model is based on two main variables: the investors' reaction to price changes and their …

Twenty years ago, Peter Moffatt (2002) posed this general question:“Is Giffen behavior
compatible with the axioms of consumer theory?” The present paper addresses this very …

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 …