Inada conditions imply that production function must be asymptotically Cobb-Douglas
| Autor: | Barelli, Paulo, Pessoa, Samuel de Abreu |
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| Přispěvatelé: | Escolas::EPGE, FGV |
| Jazyk: | angličtina |
| Rok vydání: | 2003 |
| Předmět: | |
| Zdroj: | Repositório Institucional do FGV (FGV Repositório Digital) Fundação Getulio Vargas (FGV) instacron:FGV |
| Popis: | We show that every twice-continuously differentiable and strictly concave function f : R+ → R+ can be bracketed between two C.E.S. functions at each open interval. In particular, for the Inada conditions to hold, a production function must be asymptotically Cobb-Douglas. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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