Duality and the Geometry of the Income and Substitution Effects

Michael J. Panik
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Michael J. Panik: Faculty of Economics, University of Hartford, U.S.A.

International Journal of Business and Economics, 2002, vol. 1, issue 3, 225-233

Abstract: The geometry of the Hicks-Slutsky income and substitution effect is framed in terms of the consumers expenditure function and expenditure equation and thus can be studied with-out resorting to the indifference map of a direct utility function.

Keywords: duality; income/substitution effect; expenditure function (search for similar items in EconPapers)
JEL-codes: D1 D6 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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