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An analysis of the substitution effect and of revenue effect in the case of the consumer’s theory provided with an Allen utility function

The Journal of Accounting and Management

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Title An analysis of the substitution effect and of revenue effect in the case of the consumer’s theory provided with an Allen utility function
 
Creator IOAN, Cătălin Angelo; Danubius University of Galati
IOAN, Gina; Danubius University of Galati
 
Subject Allen, substitution, revenue, utility
 
Description In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case of one good price’s modifing. There exists two theories due to John Richard Hicks and Eugen Slutsky which allocates differents shares of the total change of the consumption to these effects. The paper makes an analysis between the two effects, considering the general case of an Allen utility function.
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2015-01-22
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/2708
 
Source The Journal of Accounting and Management; Vol 4, No 3 (2014): JAM
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.