Substitution elasticities with many inputs
β Scribed by H. Thompson
- Book ID
- 104349923
- Publisher
- Elsevier Science
- Year
- 1997
- Tongue
- English
- Weight
- 276 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0893-9659
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β¦ Synopsis
Hicks-Allen elasticities of substitution describe the local convexity of isoquants when there are two inputs. This note reviews various approaches to reporting elasticities of substitution for pairs of inputs when there are many inputs. A bilateral elasticity is introduced which holds other inputs constant and performs better than Morishima and McFadden elasticities.
π SIMILAR VOLUMES
A new method of determining the deflection and the natural frequencies of vibration for beams with many elastic supports is presented. The basic idea of the method is the use of the Dirac delta-function to introduce the concentrated loads applied to the beam by the elastic supports in the governing