Constant elasticity of substitution function

 

Home
Site Map
Add Term
Search
About Us
Contributors

Constant elasticity of substitution function

See CES function



Similar Matches

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.


Substitution swap

Substitution swap

A 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.


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.


Marginal rate of substitution

Marginal rate of substitution

In a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve.


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).


Further Suggestions

Asset substitution
Import substitution
Substitution effect
No Substitution


 
All rights Reserved. Do not copy without permission.