Title of article :
Inada conditions imply that production function must be asymptotically Cobb–Douglas
Author/Authors :
Paulo Barelli، نويسنده , , Samuel de Abreu Pessôa، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
We show that every twice-continuously differentiable and strictly concave function f: +→ + can be bracketed between two CES functions at each open interval. In particular, for the Inada conditions to hold, a production function must be asymptotically Cobb–Douglas.
Keywords :
Inada condition , Production function , Elasticity of substitution
Journal title :
Economics Letters
Journal title :
Economics Letters