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Constant elasticity of substitution function |
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Constant elasticity of substitution functionSee CES functionSimilar MatchesNo SubstitutionNo SubstitutionWithin the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee. Substitution swapSubstitution swapA swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield. Asset substitutionAsset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected. Import substitutionImport substitutionA strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by the desire to mimic the industrial structure of advanced countries. Contrasts with export promotion. Substitution effectSubstitution effectThat portion of the effect of price on quantity demanded that reflects the changed tradeoff between the good and other alternatives. Contrasts with income effect. Further SuggestionsElasticity of substitutionImport substitution development strategy Same day substitution Marginal rate of substitution |
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