Slutsky equation en · PROPN
Etymology
Named after Russian mathematical statistician and economist Eugen E. Slutsky.
Meanings
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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:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| the Slutsky equation | canonical | lexicographic |