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

David Stern

doi:10.1016/j.econlet.2010.06.002

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

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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
Journal	Economics Letters
Volume	108
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2010.06.002
Publication status	Published - 2010

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10.1016/j.econlet.2010.06.002

http://hdl.handle.net/1885/52777

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title = "Derivation of the Hicks, or direct, elasticity of substitution from 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.",

author = "David Stern",

year = "2010",

doi = "10.1016/j.econlet.2010.06.002",

language = "English",

volume = "108",

pages = "349--351",

journal = "Economics Letters",

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AU - Stern, David

PY - 2010

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N2 - 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.

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.

U2 - 10.1016/j.econlet.2010.06.002

DO - 10.1016/j.econlet.2010.06.002

M3 - Article

SN - 0165-1765

VL - 108

SP - 349

EP - 351

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

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

Abstract

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