intertemporal elasticity of substitution (IES) typically assumed in the fertility literature. We show that, not only is this …

Empirical studies show that the elasticity of substitution between capital and labor is larger than one in developed … elasticity of substitution. The case of a falling real interest rate and capital deepening in the developed countries in the … elasticity of substitution can be responsible for a U-shaped relationship between the capital intensity of the developed country …

under monopolistic competition. Unlike the constant elasticity of substitution (CES) case, where the equilibrium markups are … threefold. First, we extend the monopolistic competition model with variable elasticity of substitution (henceforth, VES) by … been studied, among others, by Abdel-Rahman and Fujita (1990). Building on the Dixit-Stiglitz constant elasticity of …

, but also the elasticity of substitution between skill-types of labor. Using data for the United States between 1963 and … 2002, we find significant empirical support for a decrease in the elasticity of substitution at the end of the 70s followed … by an increase at the beginning of the 90s. This pattern of the elasticity of substitution has contributed to the labor …

Classification: C13, C52, D20 Keywords: elasticity of substitution, translog cost function, concavity Corresponding author ….christev@hw.ac.uk I. Introduction Since its inception the Allen-Uzawa partial elasticity of substitution has been a controversial … Morishima elasticity of substitution is the natural generalization of the original Hicksian concept. Extending their work …

, () () 1 1 0 1 − ⎟ ⎟ ⎠ ⎞ ⎜ ⎜ ⎝ ⎛ += ∫∫ + −− σ σ σ σ σ σ sr r r nn n sr n rrr diimdiimM (1) The elasticity of substitution … region is denoted by ()im rr and ()im sr , respectively. σ expresses the elasticity of substitution between any two … on the economically plausible 'normal case' where 1≥>εσ , i.e., the elasticity of substitution within the group of …