- In microeconomics, a consumer's
Marshallian demand function (named
after Alfred Marshall) is the
quantity they
demand of a
particular good as a function...
-
economic surplus, also
known as
total welfare or
total social welfare or
Marshallian surplus (after
Alfred Marshall), is
either of two
related quantities:...
-
consumer choice and the
theory of the firm. The
lemma relates the
ordinary (
Marshallian)
demand function to the
derivatives of the
indirect utility function...
- Marshall, and indeed, the two are
sometimes described eponymously as '
Marshallian surplus.' He used this idea of
surplus to
rigorously analyse the effect...
- Quasi-rent or
Marshallian rent is a
temporary economic rent like
returns to a supplier/owner.
Alfred Marshall was the
first to
observe quasi-rents. Quasi-rent...
- on demand, ****uming
utility remains constant. It
contrasts with the
Marshallian demand function,
which accounts for both the
substitution effect and...
- a huge
impact on the economy. The
Hicksian (per John Hicks) and the
Marshallian (per
Alfred Marshall)
demand function differ about deadweight loss. After...
-
equilibrium boxes. To a
logical purist of
Wittgenstein and
Sraffa class, the
Marshallian partial equilibrium box of
constant cost is even more
empty than the...
- is
called the
Marshallian demand function. Otherwise, x ( p , I ) {\displaystyle x(p,I)} is set-valued and it is
called the
Marshallian demand correspondence...
- case... the
elasticity of his
demand is small." Mathematically, the
Marshallian PED was
based on a point-price definition,
using differential calculus...
