Showing 1 - 2 of 2
We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticity to allow for optimal output-quantity (or utility) responses to changes in factor prices, inherits all of the failings of the Allen-Uzawa elasticity identified by Blackorby and Russell [1989...
Persistent link: https://www.econbiz.de/10005146838
Persistent link: https://www.econbiz.de/10003408505