Autore
Bertoletti, Paolo

Titolo
The Allen-Uzawa elasticity of substitution as a measure of gross input substitutability
Periodico
Rivista italiana degli economisti
Anno: 2001 - Volume: 6 - Fascicolo: 1 - Pagina iniziale: 87 - Pagina finale: 94

The Allen/Uzawa elasticity of substitution, still commonly used in the empirical studies to account for "net" substitutability, has been subject to a number of theoretical criticisms. In this paper we reconsider the Allen/Uzawa elasticity of substitution as a measure of "gross" substitutability, and show that to this relevant purpose it can be meaningfully interpreted in conjunction with the returns-to-scale properties of the technology.



SICI: 1593-8662(2001)6:1<87:TAEOSA>2.0.ZU;2-D
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1427/3690
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=3690

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