English Explanatory Dictionary

Slutsky equation

English dictionary entry

Meanings

name
  1. An equation that relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, designed to explore a consumer's response to changes in price.

Word forms

Slutsky equation the Slutsky equation

Etymology

Named after Russian mathematical statistician and economist Eugen E. Slutsky.

Synonyms

Slutsky identity
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