Slutsky equation
Slutsky equation proper noun: 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.
Proper noun
the Slutsky equation
- 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.
- This correspondence is then used in a derivation of Slutsky equations for assets.1972, Stanley Fischer, Econometrica, volume 40, number 2, page 371
- Synonyms:
- Slutsky identity
Synonyms of Slutsky equation
- Slutsky identity
Origin of Slutsky equation
Named after Russian mathematical statistician and economist Eugen E. Slutsky.
Questions about Slutsky equation
- What does Slutsky equation mean?
- Slutsky equation means 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.
- What part of speech is Slutsky equation?
- Slutsky equation is a proper noun.
Words near Slutsky equation in the dictionary
Source and license
Adapted from Wiktionary: Slutsky equation (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
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