A note on Allen-Uzawa partial elasticities of substitution: the case of the translog cost function
This note provides a useful property of the Allen-Uzawa partials for the translog cost function. It also suggests how the main results extend to any functional form with certain properties. The curvature of the Allen-Uzawa matrix is the same as the curvature of the Hessian matrix. Intuitively and empirically, the Allen-Uzawa partials allow for the verification of curvature properties.
Volume (Year): 16 (2009)
Issue (Month): 11 ()
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