PRODUCTION FUNCTIONS WITH CONSTANT ELASTICITIES OF SUBSTITUTION
Abstract
The class of production functions for which elasticities of substitution are all constant regardless of factor prices is discussed. Let f(x1,x2) be a production function where x1 and x2 respectively represent the amounts of factors 1 and 2 employed. Production is assumed to be subject to constant returns to scale and to diminishing marginal rates of substitution. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 15, 1961
- Accession Number
- AD0269735
Entities
People
- Hirofumi Uzawa
Organizations
- Stanford University