- 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:...
- Marshall, and indeed, the two are
sometimes described eponymously as '
Marshallian surplus.' He used this idea of
surplus to
rigorously analyse the effect...
-
consumer choice and the
theory of the firm. The
lemma relates the
ordinary (
Marshallian)
demand function to the
derivatives of the
indirect utility function...
- on demand, ****uming
utility remains constant. It
contrasts with the
Marshallian demand function,
which accounts for both the
substitution effect and...
- 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...
-
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...
- the
cheapest package that
gives the
desired utility. It is
related to
Marshallian demand function by and
expenditure function by h ( p , u ∗ ) = x ( p...
- a huge
impact on the economy. The
Hicksian (per John Hicks) and the
Marshallian (per
Alfred Marshall)
demand function differ about deadweight loss. After...
- School" in most of its
guises in the 20th century. She
started out as a
Marshallian,
became one of the
earliest and most
ardent Keynesians after 1936, and...
