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15 mars 2021
- 2103.08679
Mots-clés
Economics - Theoretical EconomicsSujets proches
Elastic properties Young's modulus ElasticityCiter ce document
Constantin Chilarescu, « A production function with variable elasticity of substitution greater than one », arXiv - économie
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Résumé
The idea of this paper comes from the famous remark of Piketty and Zuckman: "It is natural to imagine that $\sigma$ was much less than one in the eighteenth and nineteenth centuries and became larger than one in the twentieth and twenty-first centuries. One expects a higher elasticity of substitution in high-tech economies where there are lots of alternative uses and forms for capital." The main aim of this paper is to prove the existence of a production function of variable elasticity of substitution with values greater than one.
