All (or almost all) the shades of the CES function

La CES dans tous ses états (ou presque)

Françoise Larbre () and Alain Thomazo ()
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Françoise Larbre: UPN - Université Paris Nanterre

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Abstract: To the best of our knowledge, CES functions in their general form are rarely detailed in textbooks. Students, even at postgraduate level, are usually little aware of the characteristics, difficulties and possibilities of this type of function. This work is the result of our teaching experience with students from a variety of institutions of higher education (universities and ``Grandes Ecoles''). We hope to offer here a minimal working knowledge on functions with constant elasticity of substitution, functions the properties of which are still being explored, mostly because of the problem of dimensional homogeneity that they raise.

Keywords: elasticity of substitution; properties of CES functions; meaning of parameters; normalised CES functions; anchor point; cost functions generated by CES production functions; élasticité de substitution; propriétés des fonctions CES; signification des paramètres; fonctions CES normées; point d'ancrage; fonctions de coût engendrées par une CES (search for similar items in EconPapers)
Date: 2023-07-14
Note: View the original document on HAL open archive server: https://hal.science/hal-04182187v2
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04182187

DOI: 10.31235/osf.io/sbczu

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