Slutsky equation
Hello, you have come here looking for the meaning of the word Slutsky equation. In DICTIOUS you will not only get to know all the dictionary meanings for the word Slutsky equation, but we will also tell you about its etymology, its characteristics and you will know how to say Slutsky equation in singular and plural. Everything you need to know about the word Slutsky equation you have here. The definition of the word Slutsky equation will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofSlutsky equation, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
Named after Russian mathematical statistician and economist Eugen E. Slutsky.
Proper noun
- (economics) 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.
- Synonym: Slutsky identity
- 1972, Stanley Fischer, Econometrica, volume 40, number 2, page 371:
- This correspondence is then used in a derivation of Slutsky equations for assets.