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The Translog Function

  • David F. Heathfield
  • Sören Wibe
Chapter

Abstract

The CES was a natural extension of the Cobb-Douglas in that it permitted the elasticity of substitution to be something other than unity. The next obvious step is to generate a function which allows the elasticity of substitution to change with output and/or factor proportions.

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Copyright information

© David F. Heathfield and Sören Wibe 1987

Authors and Affiliations

  • David F. Heathfield
  • Sören Wibe

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