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results in many cases. In this paper we analyse a general equilibrium framework with CES production and CES demand functions … economic interpretations. This permits to solve the cases classified as ambiguous in the existing literature and provides clear …-cut conditions which are important for modelling and empirical research. Furthermore, the results are interpreted with respect to …
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This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a …
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