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

### 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 ...

### 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 ...

### 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 ...

### 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 ...

### 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 ...

### 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 ...

### 7. rationing

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

### 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 ...

### 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 ...

### 10. law of demand

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