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Hicksian demand function

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  1. a consumer's Hicksian demand function, also called the compensated demand function, is the demand of a consumer over a bundle of goods that minimizes their expenditure while delivering a fixed level of utility

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 12, 2009
  2. a term from microeconomics

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 12, 2009
  3. functions are often convenient for mathematical manipulation because they do not require income or wealth to be represented

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 12, 2009
  4. The function is named after John Hicks

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 12, 2009
  5. Mathematically, where h(p,u) is the Hicksian demand function, or commodity bundle demanded, at price level p and utility level \baru

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 12, 2009
  6. Here p is a vector of prices, and X is a vector of quantities demanded so that the sum of all pixi, is the total expense on goods X

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 12, 2009
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