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
Authors:	Christev, Atanas ; Featherstone, Allen
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Kostenfunktion \| Substitutionselastizität \| Marginalanalyse \| Theorie

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Series:	IZA Discussion Papers ; 2712
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	550191003 [GVK] hdl:10419/34274 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010268149