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
Pages :
3
From page :
361
To page :
363
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
Serial Year :
2003
Journal title :
Economics Letters
Record number :
435311
Link To Document :
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