The Morishima gross elasticity of substitution

被引：13

作者：

Blackorby, Charles

Primont, Daniel

Russell, R. Robert ^{[1
]}

机构：

[1] Univ Calif Riverside, Dept Econ, Riverside, CA 92521 USA

[2] Univ Warwick, Dept Econ, Coventry CV4 7AL, W Midlands, England

[3] So Illinois Univ, Carbondale, IL 62901 USA

来源：

JOURNAL OF PRODUCTIVITY ANALYSIS | 2007年 / 28卷 / 03期

关键词：

elasticity of substitution; relative factor shares; homotheticity;

D O I：

10.1007/s11123-007-0053-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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) Am Econ Rev 79: 882-888]. An analogous extension of the Morishima elasticity of substitution to allow for output quantity changes preserves the salient properties of the original Hicksian notion of elasticity of substitution.

引用

页码：203 / 208

页数：6