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

Christev, Atanas (contributor); … - 2007

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...