A formula for the elasticity of substitution of a large class of smooth utility functions

DOI10.1016/J.ECONLET.2023.111196MaRDI QIDQ6093738zbMATH OpenOpenAlexFDO

Authors Ludovic A. Julien

Publication date 12 September 2023

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2023.111196

zbMATH Keywords

(non)-homothetic utility functionsCESMRSsubstitutability

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

• Intertemporal utility with heterogeneous goods and constant elasticity of substitution
• Substitution elasticities with many inputs
• On the flexible functional forms
• Smooth indifference sets
• Elasticity of substitution in a regulated firm

Cites work

• Derivation of the Hicks, or direct, elasticity of substitution using the input distance function
• Elasticity of substitution between public and private capital: evidence from manufacturing firms in Europe
• Intertemporal utility with heterogeneous goods and constant elasticity of substitution
• Smooth Preferences

Cited in

(6)

• Concavifiability and the marginal rate of substitution
• Substitution elasticities with many inputs
• Curvature and the elasticity of substitution: Straightening it out
• Elasticity of substitution in a regulated firm
• On constant elasticity of substitution -- constant elasticity of transformation directional distance functions
• Derivation of the Hicks, or direct, elasticity of substitution using the input distance function

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