Definition of Hicksian. Meaning of Hicksian. Synonyms of Hicksian

- In microeconomics, a consumer's Hicksian demand function or compensated demand function for a good is their quantity demanded as part of the solution to...
- ****sky, relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, which is known as such since it compensates to maintain...
- this utility target while minimizing expenditure? This is answered by the Hicksian demand function. Formally, the expenditure function is defined as follows...
- the expenditure function with respect to the prices of goods equal the Hicksian demand functions for the relevant goods. Similar results had already been...
- higher nominal income for the fall in their real income, unlike in the Hicksian demand function. Thus the change in quantity demanded is a combination...
- general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him. In 1972 he received the Nobel Memorial...
- result that the price derivatives of the expenditure function give the Hicksian demand functions. The additional step of dividing by the wealth derivative...
- problem mirrors the relationship between the expenditure function and Hicksian demand in the expenditure minimisation problem. In expenditure minimisation...
- Price–performance ratio Effect of taxes and subsidies on price Feasibility condition Hicksian demand Inverse demand function Law of demand Marshallian demand Price point...
- impact on the economy. It is important to make a distinction between the Hicksian (per John Hicks) and the Marshallian (per Alfred Marshall) demand function...