A note on Allen-Uzawa partial elasticities of substitution: the case of the translog cost function

Atanas Christev and Allen Featherstone ()

Applied Economics Letters, 2009, vol. 16, issue 11, pages 1165-1169

Abstract: This note provides a useful property of the Allen-Uzawa partials for the translog cost function. It also suggests how the main results extend to any functional form with certain properties. The curvature of the Allen-Uzawa matrix is the same as the curvature of the Hessian matrix. Intuitively and empirically, the Allen-Uzawa partials allow for the verification of curvature properties.

Date: 2009

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Related works:
Working Paper: A Note on Allen-Uzawa Partial Elasticities of Substitution: The Case of the Translog Cost Function (2005)
Working Paper: A Note on Allen-Uzawa Partial Elasticities of Substitution: The Case of the Translog Cost Function (2007)
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