A Note on a Constant Ratio Elasticity of Substitution (CRES) Production Function,

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Abstract:

In the paper the author derives the values of the parameters that are consistent with convex isoquants in the positive quadrant by minimizing the cost of producing a stated output. The author shows the returns to scale consistent with the possible sets of values for the parameters of the constant ratio elasticity of substituion production function. Author

Author(s):
Cook, Alvin A., Jr
Author Organization(s):
RAND CORP SANTA MONICA CALIF
Pagination:
0014

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
P-4026-1
 Subject Terms
Communities of Interest:
No COI(s) Identified
Descriptor(s):
(*INDUSTRIAL PRODUCTION, *ECONOMICS), FUNCTIONS(MATHEMATICS), INEQUALITIES, MATRICES(MATHEMATICS), THEORY
Field(s)/Group(s):
Economics and Cost Analysis
Keyword(s):
*PRODUCTION FUNCTIONS, PROFITS, CONSTANT ELASTICITY OF SUBSTITUTION
Report Date:
1971 Dec 01