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, the Allen-Uzawa partials allow for the verification of curvature properties.
|Date of creation:||2005|
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- Anderson, R. K. & Moroney, J. R., 1993. "Morishima elasticities of substitution with nested production functions," Economics Letters, Elsevier, vol. 42(2-3), pages 159-166. Full references (including those not matched with items on IDEAS)
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