• 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