The basic equation is:
relating the equilibrium constant, K, for a given equilibrium reaction with substituent R and the reference K0 constant when R is a hydrogen atom to the substituent constant σ which depends only on the specific substituent R and the reaction constant ρ which depends only on the type of reaction but not on the substituent used.
The equation also holds for reaction rates k of a series of reactions with substituted benzene derivatives:
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