A Note on Allen-Uzawa Partial Elasticities of Substitution: The Case of the Translog Cost Function

Atanas Christev and Allen Featherstone

No E03, Working Papers from Department of Economics, School of Management and Languages, Heriot Watt University

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, the Allen-Uzawa partials allow for the verification of curvature properties.

Keywords: Elasticity of Substitution; Translog Cost Function; Concavity (search for similar items in EconPapers)
JEL-codes: C13 C52 D20 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A note on Allen-Uzawa partial elasticities of substitution: the case of the translog cost function (2009)
Working Paper: A Note on Allen-Uzawa Partial Elasticities of Substitution: The Case of the Translog Cost Function (2007)
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