A 'One Line' Proof of the Slutsky Equation
Publication
, Journal Article
Cook, PJ
Published in: The American Economic Review
March 1972
This article discusses the key features of consumer theory on individual consumers' reaction to changes in the market price of commodities. The discussion presented that market price of a commodity can be broken into vectors of substitution effects and income effects. The price effect can be used on the Slutsky equation if the expenditure includes an expenditure function. The article has presented the equation used to determine the minimum expenditure necessary for the consumer to achieve any utility level if the consumer income faces a vector of commodity prices.
Duke Scholars
Published In
The American Economic Review
Publication Date
March 1972
Start / End Page
139
Related Subject Headings
- Economics
- 38 Economics
- 35 Commerce, management, tourism and services
- 15 Commerce, Management, Tourism and Services
- 14 Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Cook, P. J. (1972). A 'One Line' Proof of the Slutsky Equation. The American Economic Review, 139.
Cook, P. J. “A 'One Line' Proof of the Slutsky Equation.” The American Economic Review, March 1972, 139.
Cook PJ. A 'One Line' Proof of the Slutsky Equation. The American Economic Review. 1972 Mar;139.
Cook, P. J. “A 'One Line' Proof of the Slutsky Equation.” The American Economic Review, Mar. 1972, p. 139.
Cook PJ. A 'One Line' Proof of the Slutsky Equation. The American Economic Review. 1972 Mar;139.
Published In
The American Economic Review
Publication Date
March 1972
Start / End Page
139
Related Subject Headings
- Economics
- 38 Economics
- 35 Commerce, management, tourism and services
- 15 Commerce, Management, Tourism and Services
- 14 Economics