Considerations on the Hicks Effect for N Consumer’s Goods Cover Image

Considerations on the Hicks Effect for N Consumer’s Goods
Considerations on the Hicks Effect for N Consumer’s Goods

Author(s): Cătălin Angelo Ioan
Subject(s): Economy
Published by: Editura Universitară Danubius
Keywords: Hicks; goods; substitution; revenue

Summary/Abstract: The paper analyzes the Hicksian effect of income and substitution for the case of n goods when all their prices change. We determine hereby the limits of variation of the two effects and the relationship between them.

  • Issue Year: 31/2012
  • Issue No: 02
  • Page Range: 116-126
  • Page Count: 11
  • Language: English