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

Atanas Christev and Allen Featherstone

No 2712, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: translog cost function; elasticity of substitution; concavity (search for similar items in EconPapers)
JEL-codes: C13 C52 D20 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007-03
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - revised version published in: Applied Economics Letters, 2009, 16 (11), 1165 - 1169

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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 (2005)
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