Kümmel, Reiner; Schmid, Jörg; Ayres, Robert U.; … - 2008
conditions that output elasticities must be equal to a modification of the usual factor cost shares, where shadow prices due to … the output elasticities. These elasticities are determined for Germany, Japan and the USA by econometric estimations of … subject to technological constraints are derived. Optimization of either output minus cost or integrated utility yields the …