“Slutsky equation”的概念、定义、翻译、参考文献-科学参考

Slutsky equation

Economics

The equation showing how the effect on demand for a good of a change in a price can be decomposed into a substitution effect, which is the effect of a change in relative prices at an unchanged level of utility, and an income effect, which is the effect of a change in real income holding prices constant. Denote the demand for good i by x_i, the price of good j by p_j, income by M, and utility by U. The Slutsky equation is

$\frac{\partial x_{i}}{\partial p_{j}} = \frac{\partial x_{i}}{\partial p_{j}} |_{U} - x_{j} \frac{\partial x_{i}}{\partial M}$

where $\frac{\partial x_{i}}{\partial p_{j}} |_{U}$ is the substitution effect and $- x_{j} \frac{\partial x_{i}}{\partial M}$ the income effect.

单词	Slutsky equation
释义	Slutsky equation Economics The equation showing how the effect on demand for a good of a change in a price can be decomposed into a substitution effect, which is the effect of a change in relative prices at an unchanged level of utility, and an income effect, which is the effect of a change in real income holding prices constant. Denote the demand for good i by x_i, the price of good j by p_j, income by M, and utility by U. The Slutsky equation is $\frac{\partial x_{i}}{\partial p_{j}} = \frac{\partial x_{i}}{\partial p_{j}} \|_{U} - x_{j} \frac{\partial x_{i}}{\partial M}$ where $\frac{\partial x_{i}}{\partial p_{j}} \|_{U}$ is the substitution effect and $- x_{j} \frac{\partial x_{i}}{\partial M}$ the income effect.
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