Category
page 1Eponyms in economics
boycott
thumb|right|upright=1.1|Protesters advocating boycott of KFC due to [[animal welfare concerns]]
Pareto principle
statistical principle about ratio of effects to causes
Laffer curve
representation of the relationship between taxation and government revenue
Ishikawa diagram
causal diagrams created by Kaoru Ishikawa
Pareto distribution
probability distribution
Pareto chart
type of chart
Cournot competition
economic model in which companies compete on the amount of output they will produce, decided independently of each other and at the same time
Coase theorem
economics theorem that if an externality can be traded with no transaction costs, bargaining leads to a Pareto efficient outcome regardless of the initial allocation of property
Kuznets curve
hypothesis about relationship between economic development and inequality level
Edgeworth box
model of an economic market
Herfindahl index
measure of the size of firms in relation to the industry and an indicator of the amount of competition among them
Bertrand competition
economic model where firms set prices exceeding their marginal cost and their customers choose quantities at those prices, so that each firm maximise their profits by undercutting competitors' prices
Leontief paradox
econometric finding
Slutsky equation
equation in economics
Fisher equation
estimate of future interest rates
Engel curve
curve describing how household income varies with household expenditure
Rybczynski theorem
theorem
Lerner index
definition
Hubbert peak theory
One of the primary theories on peak oil
Stackelberg competition
economic model
Hicksian demand function
demand of a consumer over a bundle of goods that minimizes their expenditure while delivering a fixed level of utility
Roy's identity
economics theorem
Theil index
index to measure economic inequality
Beveridge curve
the relationship between unemployment and job vacancy rate
Shephard's lemma
lemma
Kaldor's facts
six statements about economic growth
Inada conditions
set of assumptions in macroeconomics
Hotelling's rule
economic theory to maximize economic gain while depleting a non-renewable natural resource
Walrasian auction
simultaneous auction where each agent calculates its demand for the good at every possible price and submits this to an auctioneer
Hotelling's lemma
lemma
Penn effect
economic effect that real income ratios between high and low income countries are systematically exaggerated by GDP conversion at market exchange rates
Hubbert curve
Model of fossil fuel production
Pareto index
economics index