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

Atanas Christev; Allen M. Featherstone

doi:10.1080/13504850701367130

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 journal › Article › peer-review

4 Citations (Scopus)

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 language	English
Pages (from-to)	1165-1169
Number of pages	5
Journal	Applied Economics Letters
Volume	16
Issue number	11
DOIs	https://doi.org/10.1080/13504850701367130
Publication status	Published - 2009

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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.",

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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.

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

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