Derivation of the Hicks, or direct, elasticity of substitution using the input distance function

David I. Stern

doi:10.1016/j.econlet.2010.06.002

Derivation of the Hicks, or direct, elasticity of substitution using the input distance function

David I. Stern^*

^*Corresponding author for this work

Indonesia Project

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	349-351
Number of pages	3
Journal	Economics Letters
Volume	108
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2010.06.002
Publication status	Published - Sept 2010

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title = "Derivation of the Hicks, or direct, elasticity of substitution using the input distance function",

abstract = "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.",

keywords = "Microeconomics, Production, Substitution",

author = "Stern, {David I.}",

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language = "English",

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AB - 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.

KW - Microeconomics

KW - Production

KW - Substitution

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DO - 10.1016/j.econlet.2010.06.002

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VL - 108

SP - 349

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JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Derivation of the Hicks, or direct, elasticity of substitution using the input distance function

Abstract

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