Search Results - subject:"Substitution elasticity"

Theoretical aspects of long-term evaluation in environmental economics

Traeger, Christian - 2006

The present work is dedicated to theoretical aspects of long-term evaluation with a focus on time and uncertainty structure. Motivated along the lines of global warming, the analysis renders contributions to the fields of environmental economics, decision theory, the economics of sustainability...

Persistent link: https://www.econbiz.de/10009476176

Capital-Energy Substitution and Shifts in Factor Demand: A Meta-Analysis

Koetse, Mark J.; de Groot, Henri L.F.; Florax, Raymond … - 2006

This paper presents results of a meta-regression analysis on empirical estimates of capital-energy substitution. Theoretically it is clear that a distinction should be made between Morishima substitution elasticities and cross-price elasticities. The former represent purely technical...

Persistent link: https://www.econbiz.de/10010325225

Capital-Energy Substitution and Shifts in Factor Demand: A Meta-Analysis

Koetse, Mark J.; Groot, Henri L.F. de; Florax, Raymond … - Tinbergen Instituut - 2006

Persistent link: https://www.econbiz.de/10011256573

The Elasticity of Derived Demand, FactorSubstitution and Product Demand: Corrections to Hicks’ Formula and Marshall’s Four Rules

Chirinko, Robert S.; Mallick, Debdulal - CESifo - 2006

Nearly 75 years ago, John Hicks introduced and formalized the concept of the elasticity of substitution between capital and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived demand for productive factors, the distribution of...

Persistent link: https://www.econbiz.de/10005766148

Capital-Energy Substitution and Shifts in Factor Demand: A Meta-Analysis

Koetse, Mark J.; Groot, Henri L.F. de; Florax, Raymond … - Tinbergen Institute - 2006

Persistent link: https://www.econbiz.de/10005144446

Can Comparative Advantage Explain the Growth of Us Trade?

Maffezzoli, Marco; Cuñat, Alejandro - 2006

We present a dynamic comparative advantage model in which moderate reductions in trade costs can generate sizable increases in trade volumes over time. A fall in trade costs has two effects on the volume of trade. First, for given factor endowments, it raises the degree of specialization of...

Persistent link: https://www.econbiz.de/10014075708

A tax-based estimate of the elasticity of intertemporal substitution

Gruber, Jonathan - 2006

Persistent link: https://www.econbiz.de/10003281884

Margins of multinational labor substitution

Becker, Sascha O. (contributor); … - 2006

Multinational labor demand responds to wage differentials at the extensive margin, when a multinational enterprise (MNE) expands into foreign locations, and at the intensive margin, when an MNE operates existing affiliates across locations. We derive conditions for parametric and nonparametric...

Persistent link: https://www.econbiz.de/10003359013

Estimation of demand systems based on elasticities of substitution

Coloma, Germán (contributor) - 2006

) ; which is expressed in terms of an income elasticity and a symmetric substitution elasticity3. As we will see, this formula … themselves. 2. The substitution elasticity demand system Let us define a system of N demands, each of which has the …(s)Yln( )Pln()Qln( (11) . The system of N equations defined by (11), which we will call “substitution elasticity demand system …

Persistent link: https://www.econbiz.de/10003342288

Capital deepening and non-balanced economic growth

Acemoglu, Daron; Guerrieri, Veronica - 2006

Persistent link: https://www.econbiz.de/10003366496