An Analysis of the Substitution Effect and of Revenue Effect in the Case of the Consumer’s Theory Provided with a CES Utility Function
In the consumer’s theory, a crucial problem is to determine the substitution effect and therevenue effect in the case of one good price’s modifing. There exists two theories due to John RichardHicks and Eugen Slutsky which allocates differentsshares of the total change of the consumption tothese eff...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Danubius University
2012-02-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/950/1087 |