Add to ORKGWe 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 AER]. 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
We derive the relationships between the net and gross elasticities of substitution and complementari...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
Jones and Easton (1983) analyzed how commodity prices affect factor prices in the three-factor two-g...
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticit...
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticit...
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticit...
AbstractHicks-Allen elasticities of substitution describe the local convexity of isoquants when ther...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
This paper develops a classification scheme of the many different definitions of elasticities of sub...
This paper develops a classification scheme of the many different definitions of elasticities of sub...
This paper investigates a firm's response to a factor price change in a competitive industry. R. G. ...
This paper investigates a firm's response to a factor price change in a competitive industry. R. G. ...
The Allen elasticity of substitution has recently been shown to be an incorrect measure of substitut...
We derive the relationships between the net and gross elasticities of substitution and complementari...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
Jones and Easton (1983) analyzed how commodity prices affect factor prices in the three-factor two-g...
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticit...
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticit...
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticit...
AbstractHicks-Allen elasticities of substitution describe the local convexity of isoquants when ther...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
This paper develops a classification scheme of the many different definitions of elasticities of sub...
This paper develops a classification scheme of the many different definitions of elasticities of sub...
This paper investigates a firm's response to a factor price change in a competitive industry. R. G. ...
This paper investigates a firm's response to a factor price change in a competitive industry. R. G. ...
The Allen elasticity of substitution has recently been shown to be an incorrect measure of substitut...
We derive the relationships between the net and gross elasticities of substitution and complementari...
The Hicks or direct elasticity of substitution is traditionally derived from the production function...
Jones and Easton (1983) analyzed how commodity prices affect factor prices in the three-factor two-g...