Browsing 2010_fascicula1 nr2 by Author "Ioan, Catalin Angelo"
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The Substitution and the Revenue Effects for a Cobb-Douglas Utility Function
Ioan, Catalin Angelo; Ioan, Gina (“Dunarea de Jos” University of Galati, 2010)In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case of one good price’s modifing. There exists two theories due to John Richard Hicks and Eugen Slutsky ...