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The Morishima Elasticity of Substitution for the Profit Function

Author

Listed:
  • Yijian He

    (Southern Illinois Univ. @ Carbondale)

  • Subhash C. Sharma

    (Southern Illinois Univ. @ Carbondale)

Abstract

In this note we derive expressions for the Morishima elasticity of substitution for a multiple input and outputs profit function. These expressions may have important applications to empirical studies.

Suggested Citation

  • Yijian He & Subhash C. Sharma, 1995. "The Morishima Elasticity of Substitution for the Profit Function," Microeconomics 9502002, University Library of Munich, Germany, revised 17 Feb 1995.
    • Handle: RePEc:wpa:wuwpmi:9502002
    Note: 9 pages; FTP submission of an uncompressed, binary WordPerfect 5.1 document, prepared on a PC with an installed LaserJet III; this submission should better document a weak week-earlier submission..., with apologies.
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    References listed on IDEAS

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    1. Charles Blackorby & Daniel Primont & R. Russell, 2007. "The Morishima gross elasticity of substitution," Journal of Productivity Analysis, Springer, vol. 28(3), pages 203-208, December.
    2. Blackorby, Charles & Russell, R Robert, 1989. "Will the Real Elasticity of Substitution Please Stand Up? (A Comparison of the Allen/Uzawa and Morishima Elasticities)," American Economic Review, American Economic Association, vol. 79(4), pages 882-888, September.
    3. Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275.
    4. Hirofumi Uzawa, 1962. "Production Functions with Constant Elasticities of Substitution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 291-299.
    5. Kohli, Ulrich, 1993. "A Symmetric Normalized Quadratic GNP Function and the U.S. Demand for Imports and Supply of Exports," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(1), pages 243-255, February.
    6. Robert N. Horn, 1988. "Analysis," Challenge, Taylor & Francis Journals, vol. 31(4), pages 56-58, July.
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    Cited by:

    1. Sharma, Subhash C. & Kandil, Magda & Chaisrisawatsuk, Santi, 2005. "Currency substitution in Asian countries," Journal of Asian Economics, Elsevier, vol. 16(3), pages 489-532, June.

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    More about this item

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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