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

    Fingerprint

    Cost Function
    Substitution
    Elasticity
    Curvature
    Partial
    Hessian matrix
    Form

    Cite this

    @article{12a2b626f03340b89de365019125b53d,
    title = "A note on Allen-Uzawa partial elasticities of substitution: The case of the translog cost function",
    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.",
    author = "Atanas Christev and Featherstone, {Allen M.}",
    year = "2009",
    doi = "10.1080/13504850701367130",
    language = "English",
    volume = "16",
    pages = "1165--1169",
    journal = "Applied Economics Letters",
    issn = "1350-4851",
    publisher = "Routledge",
    number = "11",

    }

    A note on Allen-Uzawa partial elasticities of substitution : The case of the translog cost function. / Christev, Atanas; Featherstone, Allen M.

    In: Applied Economics Letters, Vol. 16, No. 11, 2009, p. 1165-1169.

    Research output: Contribution to journalArticle

    TY - JOUR

    T1 - A note on Allen-Uzawa partial elasticities of substitution

    T2 - The case of the translog cost function

    AU - Christev, Atanas

    AU - Featherstone, Allen M.

    PY - 2009

    Y1 - 2009

    N2 - 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.

    AB - 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.

    UR - http://www.scopus.com/inward/record.url?scp=68049095013&partnerID=8YFLogxK

    U2 - 10.1080/13504850701367130

    DO - 10.1080/13504850701367130

    M3 - Article

    VL - 16

    SP - 1165

    EP - 1169

    JO - Applied Economics Letters

    JF - Applied Economics Letters

    SN - 1350-4851

    IS - 11

    ER -