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Hicksian demand function

In microeconomics, a consumer's Hicksian demand function (or compensated demand function) represents the quantity of a good demanded when the consumer minimizes expenditure while maintaining a fixed level of utility.

Relationship to other functions, Hicksian demand and compensated price changes & Mathematical properties

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Relationship to other functions

Expenditure functionIndirect utility functionSlutsky equationLocally nonsatiatedStrictly convex
7 related topics

Hicksian demand and compensated price changes

Substitution effectIncome effectNormal goodInferior goodGiffen good
5 related topics

Mathematical properties

Continuous
1 related topics

Overview

MicroeconomicsMinimizes expenditureUtilityDemandIndifference curve
7 related topics

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Overview

Relationship to other functions

Hicksian demand and compensated price changes

Mathematical properties

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Hicksian demand function

Nodes25
Edges24
Triples13
Avg. degree1.92
Density0.08
Components1

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Hicksian demand function

Top relations

related to Hicksian demand and compensated price changes · 8
Hicksian demand function → As, Giffen, Hicksian, If, Marshallian, Since, The, The Hicksian
related to Relationship to other functions · 5
Hicksian demand function → Additionally, Hicksian, However, Marshallian, The

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Important terminology

function demand price hicksian utility income displaystyle effect demanded good marshallian expenditure substitution quantity compensated consumer's consumer level change vector

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SubjectPredicateObjectConfidenceSrc
Hicksian demand functionrelated to Hicksian demand and compensated price changesMarshallian0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesAs0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesThe0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesSince0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesIf0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesGiffen0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesThe Hicksian0.60section
Hicksian demand functionrelated to Hicksian demand and compensated price changesHicksian0.60section
Hicksian demand functionrelated to Relationship to other functionsHicksian0.60section
Hicksian demand functionrelated to Relationship to other functionsAdditionally0.60section
Hicksian demand functionrelated to Relationship to other functionsHowever0.60section
Hicksian demand functionrelated to Relationship to other functionsMarshallian0.60section

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