Slutsky equation

proper noun

An equation that relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, designed to explore a consumer's response to changes in price.

Similar
Slutsky identity
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Meanings

proper nounthe Slutsky equation
  1. economicsAn equation that relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, designed to explore a consumer's response to changes in price.

    This correspondence is then used in a derivation of Slutsky equations for assets.

    1972, Stanley Fischer, Econometrica, volume 40, number 2, page 371

    Synonyms: Slutsky identity

Synonyms & antonyms

proper nounAn equation that relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, designed to explore a consumer's response to changes in price.

Similar
Slutsky identity

Origin

Named after Russian mathematical statistician and economist Eugen E. Slutsky.

Full word history & related roots →
Cite this entry
APA

Slutsky equation. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Slutsky%20equation

MLA

“Slutsky equation.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Slutsky%20equation. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Slutsky equation,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Slutsky%20equation.

Source: Slutsky equation on Wiktionary, CC BY-SA 4.0.