The Morishima Elasticity of Substitution for the Profit Function
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.
|Date of creation:||08 Feb 1995|
|Date of revision:||17 Feb 1995|
|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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- Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275, November.
- 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 882-88, September.
- Blackorby, Charles & Primont, Daniel & Russell, R. Robert, 2007.
"The Morishima Gross Elasticity of Substitution,"
The Warwick Economics Research Paper Series (TWERPS)
787, University of Warwick, Department of Economics.
- 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 243-55, February.
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