equivalent variation

equivalent variation
The measure of how much money a consumer would pay before a price increase, to avoid the price increase.

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  • Equivalent variation — (EV) is a measure of how much more money a consumer would pay before a price increase to avert the price increase. Because the meaning of equivalent may be unclear, it is also called extortionary variation . John Hicks (1939) is attributed with… …   Wikipedia

  • Equivalent — E*quiv a*lent ([ e]*kw[i^]v [.a]*lent), n. 1. Something equivalent; that which is equal in value, worth, weight, or force; as, to offer an equivalent for damage done. [1913 Webster] He owned that, if the Test Act were repealed, the Protestants… …   The Collaborative International Dictionary of English

  • Equivalent potential temperature — Equivalent potential temperature, commonly referred to as Theta e left( heta e ight), is a quantity related to the stability of a column of air in the atmosphere. heta e is the temperature a parcel of air would reach if all the water vapor in the …   Wikipedia

  • équivalent — 1. équivalent, ente [ ekivalɑ̃, ɑ̃t ] adj. • 1361; bas lat. æquivalens (XII e), de æquivalere « avoir une valeur égale » 1 ♦ Dont la quantité a la même valeur. ⇒ égal. Leurs parts d héritage sont équivalentes. « J inflige aux trois maîtres [...]… …   Encyclopédie Universelle

  • variation selector — noun A metacharacter that selects one of a set of semantically equivalent glyphs …   Wiktionary

  • Compensating variation — In economics, compensating variation (CV) is a measure of utility change introduced by John Hicks (1939). Compensating variation refers to the amount of additional money an agent would need to reach its initial utility after a change in prices,… …   Wikipedia

  • Joule's equivalent — Equivalent E*quiv a*lent ([ e]*kw[i^]v [.a]*lent), n. 1. Something equivalent; that which is equal in value, worth, weight, or force; as, to offer an equivalent for damage done. [1913 Webster] He owned that, if the Test Act were repealed, the… …   The Collaborative International Dictionary of English

  • Mechanical equivalent of heat — Equivalent E*quiv a*lent ([ e]*kw[i^]v [.a]*lent), n. 1. Something equivalent; that which is equal in value, worth, weight, or force; as, to offer an equivalent for damage done. [1913 Webster] He owned that, if the Test Act were repealed, the… …   The Collaborative International Dictionary of English

  • Bounded variation — In mathematical analysis, a function of bounded variation refers to a real valued function whose total variation is bounded (finite): the graph of a function having this property is well behaved in a precise sense. For a continuous function of a… …   Wikipedia

  • Human genetic variation — is the natural variation in gene frequencies observed between the genomes of individuals or groups of humans. Variation can be measured at both the individual level (differences between individual people) and at the population level, i.e.… …   Wikipedia

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