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Your search for "substitution effect" over the article keywords returned 21 results.

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1. Giffen's paradox

Giffen's paradox refers to the possibility that standard competitive demand, with nominal wealth held constant, can be upward sloping, violating the law ...

By John Nachbar. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. aggregation (theory)

The aim of aggregation theory is to link the micro and macroeconomic notions of aggregate demand. One would like such a link to exist ...

By Werner Hildenbrand. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. money and general equilibrium

The study of money and general equilibrium deals with the integration of monetary theory and the classical theory of value. It includes such topics as ...

By Douglas Gale. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. gross substitutes

The gross substitute assumption is used to establish the existence and uniqueness of an equilibrium and to prove the equilibrium to be stable for a dynamic ...

By Lionel W. McKenzie. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. Minard, Charles Joseph (1781–1870)

A French engineer and economist, Charles Joseph Minard was widely recognized as the creator of graphical statistics, a means of figuratively portraying ...

By R.F. Hébert. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. hours worked (long-run trends)

From 1830 to 2000 hours worked fell on two accounts: a drop in the market workweek and a decline in housework. The end result was that leisure rose. What ...

By Jeremy Greenwood and Guillaume Vandenbroucke. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. rationing

Rationing occurs whenever economic agents face quantity constraints on their demand for or supply of particular commodities. This article reviews the ...

By J. Peter Neary. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. Hicksian and Marshallian demands

Soon after the presentation of demand in Alfred Marshall's Principles of Economics in 1890, a debate ensued concerning whether money income or some sort ...

By Eugene Silberberg. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. Laffer curve

A Laffer curve is a hump-shaped curve showing tax revenue as a function of the tax rate. Revenue initially increases with the tax rate but then can decrease ...

By Don Fullerton. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. law of demand

We formulate several laws of individual and market demand and describe their relationship to neoclassical demand theory. The laws have ...

By Michael Jerison and John K.-H. Quah. From The New Palgrave Dictionary of Economics, Second Edition, 2008