Constant elasticity of substitution function

 

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Constant elasticity of substitution function

See CES function



Similar Matches

No Substitution

No Substitution

Within 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 effect

Substitution effect

That portion of the effect of price on quantity demanded that reflects the changed tradeoff between the good and other alternatives. Contrasts with income effect.


Import substitution development strategy

Import substitution development strategy

A development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth.


Elasticity of substitution

Elasticity of substitution

The elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). With competitive demands, this is also the elasticity with respect to their price ratio. For example, with factors L,K and factor prices w,r, the elasticity of substitution of a production function F(K,L) is s = (wL/rK)d(K/L)/d(w/r).


Same day substitution

Same day substitution

Offsetting changes in a margin account during the day that result in no overall change in the balance of the account.


Further Suggestions

Import substitution
Marginal rate of substitution
Substitution swap
Asset substitution


 
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