Hicksian
"Hicksian" in a Sentence (2 examples)
An important property of Hicksian demand is that it satisfies the compensated law of demand: Demand and price move in opposite directions for price changes that are accompanied by Hicksian wealth compensation.
This concept is sometimes referred to as a “Hicksian” measure – hence the H superscript – as a similar notion was discussed by J. R. Hicks in chapter XIV of Value and Capital (1946).
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