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Elasticidad parcial de sustitución entre factores productivos y función de costos: Una aplicación del teorema de la envolvente

Author

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  • Andrés Felipe Narváez Morales

Abstract

Using the envelope theorem, it is proved that the partial elasticity of substitution between two different factors can be expressed in terms of the cost function. The proof developed here presents its most relevant elements and procedures, with the purpose of making the proof as understandable as possible for the reader. Finally, the proof proposed in this document takes up several of the elements that were developed by certain seminal works on mathematical economics.

Suggested Citation

  • Andrés Felipe Narváez Morales, 2022. "Elasticidad parcial de sustitución entre factores productivos y función de costos: Una aplicación del teorema de la envolvente," Econógrafos, Escuela de Economía 022621, Universidad Nacional de Colombia, FCE, CID.
  • Handle: RePEc:col:000176:022621
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    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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