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- W3150963798 abstract "The Hicks or direct elasticity of substitution is traditionally derived from the production function. This paper exploits duality theory to present a more general derivation from the input distance function, which is exactly dual to the Shadow Elasticity of Substitution. The new elasticity is more general than the traditional one as it can handle situations of technical inefficiency, nonseparability between inputs and outputs, and multiple outputs, but is equal to the traditional elasticity under the classical conditions. The new derivation is related to the Morishima and Antonelli Elasticities of Complementarity in the same way that the Shadow Elasticity of Substitution is related to the Morishima and Allen-Uzawa Elasticities of Substitution. Furthermore, distance (technical efficiency) is not constant for the Morishima and Antonelli Elasticities of Complementarity" @default.
- W3150963798 created "2021-04-13" @default.
- W3150963798 creator A5073792684 @default.
- W3150963798 date "2008-01-01" @default.
- W3150963798 modified "2023-09-29" @default.
- W3150963798 title "Derivation of the Hicks Elasticity of Substitution from the Input Distance Function" @default.
- W3150963798 hasPublicationYear "2008" @default.
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