Accession Number:

AD0269735

Title:

PRODUCTION FUNCTIONS WITH CONSTANT ELASTICITIES OF SUBSTITUTION

Descriptive Note:

Corporate Author:

STANFORD UNIV CALIF APPLIED MATHEMATICS AND STATISTICS LABS

Personal Author(s):

Report Date:

1961-12-15

Pagination or Media Count:

1.0

Abstract:

The class of production functions for which elasticities of substitution are all constant regardless of factor prices is discussed. Let fx1,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

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE