constant elasticity of substitution การใช้

This aggregator function exhibits constant elasticity of substitution.
Traditional cost functions include Cobb-Douglas and the Constant Elasticity of Substitution models.
Minhas was a co-author of a pioneering article deriving the constant elasticity of substitution production function and demonstrating its econometric uses.
This means the use of the CES functional form for more than 2 factors will generally mean that there is not constant elasticity of substitution among all factors.
Other forms include the constant elasticity of substitution production function ( CES ), which is a generalized form of the Cobb-Douglas function, and the quadratic production function.