the product market, and provides estimates of the elasticity of substitution under such product market imperfections. We … focus on Spain and the U.S. and show that the elasticity of substitution is above one in Spain and below one in the U.S. We … also show that the price markup drives the elasticity of substitution away from one, upwards in Spain, downwards in the U …

In the debate over sustainable economic growth, two critical issues are elasticity of substitution and technical change …. Due to entropy increasing law in MEI system, the elasticity of substitution between any two resources must decline to zero …

the product market, and provides estimates of the elasticity of substitution under such product market imperfections. We … focus on Spain and the U.S. and show that the elasticity of substitution is above one in Spain and below one in the U.S. We … also show that the price markup drives the elasticity of substitution away from one, upwards in Spain, downwards in the U …

The elasticity of substitution between capital and labor and, in turn, the direction of technical change are critical … macroeconomic production function), factor substitution (as made most explicit in Constant Elasticity of Substitution functions) and …

We provide two ways to reconcile small values of the intertemporal elasticity of substitution (IES) that range between …

of substitution across goods, elasticity of substitution across varieties of each good, and the good-speci?c elasticity … literature, the elasticity of substitution estimates are lower across both goods and varieties, while the elasticity of distance …This paper models and estimates bilateral trade patterns of U.S. states in a CES framework and identi?es the elasticity …