Zeytoon-Nejad, Ali; Goodwin, Barry K. - In: Journal of risk and financial management : JRFM 16 (2023) 2, pp. 1-23
The conventional functional form of the Constant-Elasticity-of-Substitution (CES) production function is a general … generalized variant of the CES production function that allows for various input effects on the probability distribution of output … the CES production function. This limitation may result in false inferences about input-driven output risk. In light of …