Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/86535 
Autor:innen: 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. 04-101/1
Verlag: 
Tinbergen Institute, Amsterdam and Rotterdam
Zusammenfassung: 
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition coincides with the Hicksian measure in case the production function displays constant returns. It is more informative in case returns to scale are not constant, as it disentangles entry effects and substitution effects of factor supplies. The new definition is also preferable in that it is fully symmetric with the definition of the elasticity of substitution.
Schlagwörter: 
distance function
elasticity of complementarity
returns to scale
tangency condition
JEL: 
D21
D43
L16
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
193.18 kB





Publikationen in EconStor sind urheberrechtlich geschützt.