Copyright (c) Christopher Makler /
econgraphs.org
{{ ('varian' == params.textbook && 'pivot' != params.slutskyApproach) ? 'Hicks' : 'Slutsky' }} Decomposition: {{ model.utility.title }}
utility
u(x,y) = {{ model.utility.formula(false) }}
\alpha = {{params.alpha | number: 2}}:
r = {{model.utility.r | number: 2}}:
Cobb-Douglas
Complements
Substitutes
CES
Quasilinear
\text{Initial State }({{ notation.slutskyInitial }})
\text{Decomposition Bundle }({{ notation.slutskyDecomposition }})
\text{Final State }({{ notation.slutskyFinal }})
{{ notation.pccLabel }}_{{ notation.xSubscript }}
{{ notation.iccLabel }}_1
{{ notation.iccLabel }}_2
\text{Income and substitution effects on {{ notation.xGoodLabel }} }
\text{Income and substitution effects on {{ notation.yGoodLabel }} }
\text{Indifference Curves}
\text{Substitution effect: }{{ notation.slutskyInitial }} \rightarrow {{ notation.slutskyDecomposition }}
\text{Income effect: }{{ notation.slutskyDecomposition }} \rightarrow {{ notation.slutskyFinal }}