slutsky equation
Word Rarity
Very rare
Frequency: Zipf frequency 1.83 in modern English
31
Scrabble Score
15
Letters
4
Syllables
12
Unique Chars
Meaning
name
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.
Example Sentences
- "This correspondence is then used in a derivation of Slutsky equations for assets."
Etymology
Inflected Forms
the Slutsky equation (canonical)
Synonyms
Slutsky identity