Derivation of the Hicks, or direct, elasticity of substitution from the input distance function
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Description
I derive a new symmetric elasticity of complementarity from the input distance function by imposing a constant distance condition. Assuming technical efficiency and a single output, the Hicks elasticity of substitution is its reciprocal.
Collections | ANU Research Publications |
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Date published: | 2010 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/52777 |
Source: | Economics Letters |
DOI: | 10.1016/j.econlet.2010.06.002 |
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01_Stern_Derivation_of_the_Hicks,_or_2010.pdf | 152.26 kB | Adobe PDF | Request a copy |
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