HicksEntkopplung
HicksEntkopplung, often rendered as Hicksian decoupling, is a term used in German-language economics to describe the idea of separating or decoupling the effects that price or input changes have on a variable from other influencing factors within the Hicksian, or compensated, framework. In consumer theory this refers to isolating substitution effects by keeping utility constant, so that changes in relative prices can be analyzed independently of income effects. The concept emphasizes that substitution decisions can move differently from overall level changes caused by wealth or income.
Historische Grundlage und Bedeutung: The concept derives from John Hicks, who introduced compensated demand and the
Anwendungen: In microeconomics HicksEntkopplung is applied to study consumer responses to price changes, elasticity estimation, and
Methoden und grenzen: Analysen rely on the existence of stable preferences and the ability to hold utility
Siehe auch: Hicksian demand, compensated demand, substitution effect, income effect, decomposition methods, growth accounting.