A note on Allen-Uzawa partial elasticities of substitution: The case of the translog cost function

Atanas Christev, Allen M. Featherstone

    Research output: Contribution to journalArticle

    Abstract

    This note provides a useful property of the Allen-Uzawa partials for the translog cost function. It also suggests how the main results extend to any functional form with certain properties. The curvature of the Allen-Uzawa matrix is the same as the curvature of the Hessian matrix. Intuitively and empirically, the Allen-Uzawa partials allow for the verification of curvature properties.

    Original languageEnglish
    Pages (from-to)1165-1169
    Number of pages5
    JournalApplied Economics Letters
    Volume16
    Issue number11
    DOIs
    Publication statusPublished - 2009

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