Derivation of the Hicks, or direct, elasticity of substitution using the input distance function
AbstractI derive a new symmetric elasticity of complementarity from the input distance function by imposing a constant distance condition. Assuming technical efficiency and a single output, the Hicks elasticity of substitution is its reciprocal.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 108 (2010)
Issue (Month): 3 (September)
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Microeconomics Production Substitution;
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