The Morishima gross elasticity of substitution

被引：0

作者：

Charles Blackorby

Daniel Primont

R. Robert Russell

机构：

[1] University of Warwick,Department of Economics

[2] Southern Illinois University,Department of Economics

[3] University of California,undefined

来源：

Journal of Productivity Analysis | 2007年 / 28卷

关键词：

Elasticity of substitution; Relative factor shares; Homotheticity; D11; D24; D33;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

We show that the Hotelling–Lau elasticity of substitution, an extension of the Allen–Uzawa elasticity to allow for optimal output-quantity (or utility) responses to changes in factor prices, inherits all of the failings of the Allen–Uzawa elasticity identified by Blackorby and Russell [(1989) Am Econ Rev 79: 882–888]. An analogous extension of the Morishima elasticity of substitution to allow for output quantity changes preserves the salient properties of the original Hicksian notion of elasticity of substitution.

引用

页码：203 / 208

页数：5

共 12 条

[1]

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[2]

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[3]

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[4]

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[5]

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[6]

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[7]

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[8]

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[9]

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[10]

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