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Intertemporal utility with heterogeneous goods and constant elasticity of substitution
Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …
Persistent link: https://www.econbiz.de/10012156591
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Intermediate goods-skill complementarity
Kiyota, Kōzō; Kurokawa, Yoshinori - In: The B.E. journal of macroeconomics 24 (2024) 1, pp. 149-186
Persistent link: https://www.econbiz.de/10014580480
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Intertemporal Utility with Heterogeneous Goods and Constant Elasticity of Substitution
Quaas, Martin - 2020
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …
Persistent link: https://www.econbiz.de/10012844425
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Parameter interchangeability under recursive utility with housing
Aydilek, Asiye; Aydilek, Harun - In: Journal of economics and finance 42 (2018) 4, pp. 807-817
Persistent link: https://www.econbiz.de/10012031149
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A note on CES functions
Thöni, Christian - In: Journal of behavioral and experimental economics 59 (2015), pp. 85-87
Persistent link: https://www.econbiz.de/10011567372
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Intermediate goods-skill complementarity
Kiyota, Kōzō; Kurokawa, Yoshinori - 2019
Persistent link: https://www.econbiz.de/10012172604
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Capital-labour-energy substitution in a nested CES framework : a replication and update of Kemfert (1998)
Henningsen, Arne; Henningsen, Géraldine; Van der Werf, … - In: Energy economics 82 (2019), pp. 16-25
Persistent link: https://www.econbiz.de/10012173806
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The elasticity of substitution and labor-saving innovations in the Spanish regions
Cutanda Tarin, Antonio - In: Estudios de economía 49 (2022) 2, pp. 123-144
This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a …
Persistent link: https://www.econbiz.de/10013489800
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A formula for the elasticity of substitution of a large class of smooth utility functions
Julien, Ludovic A. - In: Economics letters 229 (2023), pp. 1-4
Persistent link: https://www.econbiz.de/10014455434
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Getting normalization right : dealing with ‘dimensional constants’ in macroeconomics
Cantore, C.; Levine, Paul - In: Journal of economic dynamics & control 36 (2012) 12, pp. 1931-1949
Persistent link: https://www.econbiz.de/10009701905