On the relation between regular variation and the asymptotic elasticity of substitution

This paper characterizes a class of regularly varying production functions with an asymptotic elasticity of substitution equal to one. In particular, it is shown that these functions asymptotically approximate the Cobb–Douglas form. The results generalize and unify existing results in the literature.

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Year of publication:	2014
Authors:	Alcalá, Luis A.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 1, p. 29-31
Publisher:	Elsevier
Subject:	Regular variation \| Elasticity of substitution \| Asymptotic analysis \| Inada conditions

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Type of publication:	Article
Classification:	E13 - Neoclassical ; E23 - Production ; C65 - Miscellaneous Mathematical Tools
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041696