A CES Indirect Production Function.

This paper derives an indirect production function that is, in a special case, of a constant elasticity of substitution form. This is not a contribution to the theory of aggregation generally. Instead it is a microfoundation for a specific but popular production function -- the CES-- that helps us express the important concept of the elasticity of substitution in terms of more primitive, and more intuitive concept of the returns to scale.

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Year of publication:	1996
Authors:	Jovanovic, B.
Institutions:	C.V. Starr Center for Applied Economics, Department of Economics
Subject:	ELASTICITY \| ECONOMIC GROWTH \| PRODUCTION

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	9 pages
Classification:	D20 - Production and Organizations. General ; D24 - Production; Capital and Total Factor Productivity; Capacity ; O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005611713