Conceptualization of nonmarket events and phenomena into an economic theory of consumer behavior
The traditional Hicks-Allen theory was presented and modified by (1) formulating the consumer's budget constraint with a weak inequality, (2) deriving the Slutsky equation in matrix notation and (3) demonstrating that the income and substitution effects could be derived directly from the partia...
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| Language: | en_US |
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2012
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| Online Access: | http://hdl.handle.net/1957/26503 |