Marshallian demand
E746877
Marshallian demand is the consumer demand function that expresses the quantity of a good chosen as a function of prices and income, derived from utility maximization under a budget constraint.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Marshallian demand canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T8630220 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Marshallian demand Context triple: [Hicksian demand, relatedTo, Marshallian demand]
-
A.
Hicksian demand
Hicksian demand is a concept in microeconomics that describes how a consumer’s demand for goods changes when prices vary while holding utility (satisfaction) constant, often used in welfare and consumer theory.
-
B.
The Theory and Measurement of Demand
The Theory and Measurement of Demand is a foundational economics book by Henry Schultz that rigorously develops statistical and mathematical methods for estimating consumer demand.
-
C.
Lucas supply function
The Lucas supply function is an economic model developed by Robert Lucas Jr. that explains how producers’ output decisions respond to perceived price changes under imperfect information, forming a key component of new classical macroeconomics.
-
D.
Classical Political Economy and the Role of Demand
Classical Political Economy and the Role of Demand is a scholarly work by economist Krishna Bharadwaj that reinterprets classical economic theory by emphasizing the central importance of demand in value, distribution, and growth.
-
E.
theory of marginal utility
The theory of marginal utility is an economic concept explaining how the value of a good or service is determined by the additional satisfaction or benefit gained from consuming one more unit of it.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Marshallian demand Target entity description: Marshallian demand is the consumer demand function that expresses the quantity of a good chosen as a function of prices and income, derived from utility maximization under a budget constraint.
-
A.
Hicksian demand
Hicksian demand is a concept in microeconomics that describes how a consumer’s demand for goods changes when prices vary while holding utility (satisfaction) constant, often used in welfare and consumer theory.
-
B.
The Theory and Measurement of Demand
The Theory and Measurement of Demand is a foundational economics book by Henry Schultz that rigorously develops statistical and mathematical methods for estimating consumer demand.
-
C.
Lucas supply function
The Lucas supply function is an economic model developed by Robert Lucas Jr. that explains how producers’ output decisions respond to perceived price changes under imperfect information, forming a key component of new classical macroeconomics.
-
D.
Classical Political Economy and the Role of Demand
Classical Political Economy and the Role of Demand is a scholarly work by economist Krishna Bharadwaj that reinterprets classical economic theory by emphasizing the central importance of demand in value, distribution, and growth.
-
E.
theory of marginal utility
The theory of marginal utility is an economic concept explaining how the value of a good or service is determined by the additional satisfaction or benefit gained from consuming one more unit of it.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
consumer theory concept
ⓘ
demand function ⓘ microeconomic concept ⓘ |
| aggregatedTo | market demand function ⓘ |
| alsoKnownAs |
ordinary demand
ⓘ
uncompensated demand ⓘ |
| appliesTo | individual consumer ⓘ |
| argument |
income w
ⓘ
price vector p ⓘ |
| assumes |
complete preferences
ⓘ
locally non-satiated preferences ⓘ transitive preferences ⓘ utility maximization behavior ⓘ |
| canBe |
continuous
ⓘ
differentiable ⓘ |
| captures |
income effects
ⓘ
substitution effects ⓘ |
| contrastsWith | Hicksian (compensated) demand NERFINISHED ⓘ |
| dependsOn |
nominal income
ⓘ
relative prices ⓘ |
| derivedFrom | utility maximization ⓘ |
| describes | quantity of a good demanded ⓘ |
| domain | microeconomics ⓘ |
| expressedAs | solution to max u(x) s.t. p·x ≤ w ⓘ |
| hasInput |
consumer income
ⓘ
consumer preferences ⓘ prices of goods ⓘ |
| historicalContext | developed in neoclassical economics ⓘ |
| mathematicalForm | x_i(p,w) ⓘ |
| mayViolate | law of demand in presence of Giffen goods ⓘ |
| namedAfter | Alfred Marshall NERFINISHED ⓘ |
| output | optimal consumption bundle ⓘ |
| property |
Walras law compliance
ⓘ
adding-up of expenditures equals income ⓘ homogeneous of degree zero in prices and income ⓘ |
| relatedConcept |
Hicksian demand
NERFINISHED
ⓘ
Slutsky equation NERFINISHED ⓘ expenditure function ⓘ indirect utility function ⓘ |
| solutionOf | consumer utility maximization problem ⓘ |
| subfieldOf | consumer theory ⓘ |
| subjectTo | budget constraint ⓘ |
| usedFor |
comparative statics analysis
ⓘ
deriving individual demand curves ⓘ deriving market demand ⓘ policy evaluation ⓘ tax incidence analysis ⓘ welfare analysis ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Marshallian demand Description of subject: Marshallian demand is the consumer demand function that expresses the quantity of a good chosen as a function of prices and income, derived from utility maximization under a budget constraint.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.