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.

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Year of publication:	2005
Authors:	Christev, Atanas ; Featherstone, Allen
Institutions:	Department of Accountancy, Economics and Finance, School of Management and Languages
Subject:	Elasticity of Substitution \| Translog Cost Function \| Concavity

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series DP Number E03
Classification:	C13 - Estimation ; C52 - Model Evaluation and Testing ; D20 - Production and Organizations. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005187371