The Elasticity of Substitution and the Limiting Behavior of Marginal Products.

A two factor production function with a variable elasticity of substitution is considered. The note describes the relation between the elasticity and the behavior of the marginal products and the output per unit input as the factor ratio approaches zero or infinity.

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Year of publication:	1996
Authors:	Petith, H.
Institutions:	Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona
Subject:	ELASTICITY \| SUBSTITUTION EFFECT

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Series:	UFAE and IAE Working Papers.
Type of publication:	Book / Working Paper
Notes:	12 pages
Classification:	D20 - Production and Organizations. General ; D24 - Production; Capital and Total Factor Productivity; Capacity ; D29 - Production and Organizations. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005823870