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Unpublished Paper
The Allen/Uzawa elasticity of substitution under non-constant returns to scale
(2009)
  • Alberto Behar, University of Oxford
  • Margaret Stevens, University of Oxford
Abstract
We extend the result of Uzawa (1962) to settings which accommodate non-constant returns to scale. Therefore, the use of a cost function to estimate Allen/Uzawa elasticities of substitution is legitimate without assuming linear homogeneity in the production function.
Disciplines
Publication Date
2009
Citation Information
Alberto Behar and Margaret Stevens. "The Allen/Uzawa elasticity of substitution under non-constant returns to scale" (2009)
Available at: http://works.bepress.com/alberto_behar/13/