{"id":"https://openalex.org/W2154270992","doi":null,"title":"Using the compensating and equivalent variations to define the Slutsky Equation under a discrete price change","display_name":"Using the compensating and equivalent variations to define the Slutsky Equation under a discrete price change","publication_year":2007,"publication_date":"2007-04-04","ids":{"openalex":"https://openalex.org/W2154270992","mag":"2154270992"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ebl:ecbull:v:4:y:2007:i:11:p:1-9","doi":null,"is_oa":false,"landing_page_url":"http://www.accessecon.com/pubs/EB/2007/Volume4/EB-07D00001A.pdf","pdf_url":"http://www.accessecon.com/pubs/EB/2007/Volume4/EB-07D00001A.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024373384","display_name":"Ambrose Leung","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ambrose Leung","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5067537682","display_name":"Robert A. Sproule","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Robert Sproule","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.6997,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.81276373,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"4","issue":"11","first_page":"1","last_page":"9"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.3131999969482422,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.3131999969482422,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.16740000247955322,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.13950000703334808,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/slutsky-equation","display_name":"Slutsky equation","score":0.9940000176429749},{"id":"https://openalex.org/keywords/compensating-variation","display_name":"compensating variation","score":0.9750000238418579},{"id":"https://openalex.org/keywords/equivalent-variation","display_name":"equivalent variation","score":1.0},{"id":"https://openalex.org/keywords/consumer-demand","display_name":"consumer demand","score":0.6100000143051147}],"concepts":[{"id":"https://openalex.org/C2780023022","wikidata":"https://www.wikidata.org/wiki/Q1338171","display_name":"Compensation (psychology)","level":2,"score":0.7672158479690552},{"id":"https://openalex.org/C77618280","wikidata":"https://www.wikidata.org/wiki/Q1155772","display_name":"Scheme (mathematics)","level":2,"score":0.7117913961410522},{"id":"https://openalex.org/C2778334786","wikidata":"https://www.wikidata.org/wiki/Q1586270","display_name":"Variation (astronomy)","level":2,"score":0.695928692817688},{"id":"https://openalex.org/C2780608745","wikidata":"https://www.wikidata.org/wiki/Q367293","display_name":"Convention","level":2,"score":0.55572509765625},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.5184047222137451},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.49350178241729736},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4668273329734802},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4452633261680603},{"id":"https://openalex.org/C28826006","wikidata":"https://www.wikidata.org/wiki/Q33521","display_name":"Applied mathematics","level":1,"score":0.40417760610580444},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.22902223467826843},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.12338590621948242},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.11757686734199524},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.09974586963653564},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.08116161823272705},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.06721270084381104},{"id":"https://openalex.org/C44870925","wikidata":"https://www.wikidata.org/wiki/Q37547","display_name":"Astrophysics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:ebl:ecbull:v:4:y:2007:i:11:p:1-9","doi":null,"is_oa":false,"landing_page_url":"http://www.accessecon.com/pubs/EB/2007/Volume4/EB-07D00001A.pdf","pdf_url":"http://www.accessecon.com/pubs/EB/2007/Volume4/EB-07D00001A.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:2154270992","doi":null,"is_oa":false,"landing_page_url":"http://www.accessecon.com/pubs/EB/2007/Volume4/EB-07D00001A.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S134953813","display_name":"Economics bulletin","issn_l":"1545-2921","issn":["1545-2921"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Economics bulletin","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W72326851","https://openalex.org/W606356259","https://openalex.org/W1505015964","https://openalex.org/W1563384586","https://openalex.org/W1602889123","https://openalex.org/W1971145288","https://openalex.org/W1976619730","https://openalex.org/W1982644412","https://openalex.org/W2000825497","https://openalex.org/W2027323462","https://openalex.org/W2035344325","https://openalex.org/W2040640954","https://openalex.org/W2056477979","https://openalex.org/W2090317466","https://openalex.org/W2110361435","https://openalex.org/W2155807410","https://openalex.org/W2331575637","https://openalex.org/W2795592297","https://openalex.org/W2796023185"],"related_works":["https://openalex.org/W4411399671","https://openalex.org/W7096620348","https://openalex.org/W1512886534","https://openalex.org/W2046815710","https://openalex.org/W6990761766","https://openalex.org/W7020023561","https://openalex.org/W4416091204","https://openalex.org/W3204877039","https://openalex.org/W2010563033","https://openalex.org/W2242166739"],"abstract_inverted_index":{"In":[0],"our":[1,65],"experience,":[2],"all":[3],"textbook":[4],"presentations":[5],"of":[6],"the":[7,21,47,72],"Slutsky":[8],"Equation":[9],"under":[10],"a":[11,16,68],"discrete":[12],"price":[13],"change":[14],"use":[15],"compensation":[17,40],"scheme":[18],"based":[19,45],"on":[20,46],"compensating":[22],"variation.":[23],"Our":[24],"students":[25],"have":[26,35],"sensed":[27],"this":[28,39,58],"convention":[29],"is":[30],"arbitrary":[31],"in":[32],"that":[33],"they":[34],"asked,":[36],"why":[37],"consider":[38],"scheme,":[41],"and":[42,61],"not":[43],"one":[44,55],"equivalent":[48],"variation?":[49],"The":[50],"present":[51],"paper":[52],"outlines":[53],"how":[54,64],"might":[56],"address":[57],"matter":[59],"analytically,":[60],"then":[62],"discusses":[63],"findings":[66],"provide":[67],"new":[69],"insight":[70],"into":[71],"Giffen":[73],"Paradox.":[74]},"counts_by_year":[{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
