A Further Note on Definition of Elasticity of Substitution in Many Input Case

Koizumi, Tetsunori

doi:10.1111/j.1467-999x.1976.tb00559.x

Cited by 14 publications

(5 citation statements)

References 4 publications

(1 reference statement)

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“…Koizumi (1976) first suggested this interpretation, He noted that "the Morishima elasticity of substitution of Xj for Xl measures tbe percentage change in employment in Xf caused by 1% change in the price P, of Xj after the percentage change in Xj due to the pure demand ef-…”

mentioning

confidence: 99%

Short- and Long-Run Demand and Substitution of Agricultural Inputs

Fernandez‐Cornejo

1992

Northeast. j. agric. resour. econ.

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Short- and long-run Hicksian and Marshallian elasticities are estimated, along with Morishima elasticities of substitution, using a restricted profit function and a series of decomposition equations. Convexity in prices and concavity in quasi-fixed factors of the restricted profit function are simultaneously imposed using Bayesian techniques. The empirical model is disaggregated in the input side, utilizes a Fuss-quadratic flexible functional form, incorporates the impact of agricultural policies, and introduces a new weather index. The methodology is applied to Illinois's agriculture, and implications for agriculture in the Corn Belt and the Northeast are briefly discussed.

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confidence: 99%

Short- and Long-Run Demand and Substitution of Agricultural Inputs

Fernandez‐Cornejo

1992

Northeast. j. agric. resour. econ.

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“…[Blackorby and Russell, 1989, pp. 882-r-883-l] Second, the MES is TOES and is written by Koizumi (1976) as,…”

Section: Allen-morishima-mcfadden Substitution Elasticities 53mentioning

confidence: 99%

Production Structure and Productivity of Japanese Agriculture

Kuroda

2013

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“…The Morishima elasticities (non-symmetric) are computed from the translog production cost model estimates [19], using the expression…”

Section: Dual Translog Cost Model Specification and Estimationmentioning

confidence: 99%

Cost efficiency, factor interchange, and technical progress in US specialized hospital pharmacies

Okunade

Suraratdecha

1998

Health Econ.

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Specialized hospitals perform unique, technologically more complex, and relatively expensive medical procedures. Growing use of high-cost biotechnology drugs and increased clinical pharmacy tasks at these facilities have increased costs. This paper used a unique data set supplied by Eli Lilly, and a dual translog cost system to model the costs of specialized hospital pharmacy production. Results show that the potential substitution of pharmacy technicians for registered pharmacists and the decomposed technical change savings effects of expensive factors of production offer the greatest opportunities for containing costs. Slight diseconomies of scale were also observed.

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A Further Note on Definition of Elasticity of Substitution in Many Input Case

Cited by 14 publications

References 4 publications

Short- and Long-Run Demand and Substitution of Agricultural Inputs

Short- and Long-Run Demand and Substitution of Agricultural Inputs

Production Structure and Productivity of Japanese Agriculture

Cost efficiency, factor interchange, and technical progress in US specialized hospital pharmacies

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