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 and empirically, the Allen-Uzawa partials allow for the verification of curvature properties.

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Year of publication:	2007-03
Authors:	Christev, Atanas ; Featherstone, Allen
Institutions:	Institute for the Study of Labor (IZA)
Subject:	elasticity of substitution \| translog cost function \| concavity

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2712 15 pages
Classification:	C13 - Estimation ; C52 - Model Evaluation and Testing ; D20 - Production and Organizations. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005233853