The Morishima Gross elasticity of substitution

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Blackorby, Charles; Primont, Daniel; Russell, R. Robert;
  • Publisher: University of Warwick, Department of Economics
  • Subject: HB

We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticity to allow for optimal output-quantity (or utility) responses to changes in factor prices, inherits all of the failings of the Allen-Uzawa elasticity identified by Blacko... View more
  • References (9)

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    Kim, H. Y. “The Antonelli Versus Hicks Elasticity of Complementarity and Inverse Input Demand Systems.” (2000). Australian Economic Papers 39, 245-261.

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