Scribd
Upload
98 views7 pages

Anatomy of A Constant Elasticity of Substitution Type Production/Utility Function in Three Dimensions (A Visual Guide For Econ Majors)

Uploaded by

Cepade Projectos
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
98 views7 pages

Anatomy of A Constant Elasticity of Substitution Type Production/Utility Function in Three Dimensions (A Visual Guide For Econ Majors)

Uploaded by

Cepade Projectos
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

Anatomy of a Constant Elasticity of Substitution Type Production/Utility Function in Three Dimensions (A Visual uide for Econ !

a"ors#

Peter Fule$y Department of Economics% Uni&ersity of 'ashin(ton )ctober *++,

Decreasing returns to scale: r=0.5 (Strongly concave y/U)

Author: Peter Fuleky, University of Washington

Increasing returns to scale: r=1.5 (Quasiconcave y/U)

Author: Peter Fuleky, University of Washington

onstant returns to scale: r=1 (!ea"ly concave y/U)

Author: Peter Fuleky, University of Washington

onstant returns to scale $it% asy&&etric $eig%ting: r=1' la&()a=0.*

Author: Peter Fuleky, University of Washington

onstant returns to scale $it% asy&&etric +ro)uctivity/utility: r=1' ,=2

Author: Peter Fuleky, University of Washington

.iterature an) /urt%er rea)ing: ,%e Structure o/ 0cono&ics' 3r) e).' 0ugene Sil(er(erg 12,.23 Docu&entation' 1at%!or"s

,%e 2nato&y o/ a 4ro)uction/Utility 5unction in 3D' or any +art t%ereo/' &ay not (e use) as +art o/ a )ocu&ent )istri(ute) /or a co&&ercial +ur+ose.

You might also like