Results 11 to 20 of about 151,232 (287)

Eliciting Risk Preferences and Elasticity of Substitution [PDF]

Decision Analysis, 2020
Risk aversion and elasticity of intertemporal substitution (EIS) are separated via the celebrated recursive utility building on certainty equivalents of indirect utility. Based on an alternative separation method, we formulate a questionnaire for simultaneous and consistent estimation of risk aversion, subjective discount rate, and EIS.
Johan Burgaard, Mogens Steffensen
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Risk aversion, intertemporal substitution, and the aggregate investment-uncertainty relationship [PDF]

, 2007
We analyze the role of risk aversion and intertemporal substitution in a simple dynamic general equilibrium model of investment and savings. Our main finding is that risk aversion cannot by itself explain a negative relationship between aggregate ...
Abel, Abel, Abel, Abel, Abel, Aizenman, Aizenman, Alesina, Attanasio, Barro, Bernanke, Caballero, Calcagnini, Craine, Davide Ticchi, Eberly, Eichennbaum, Enrico Saltari, Epstein, Epstein, Ferderer, Ferderer, Gourinchas, Guiso, Guo, Hansen, Hansen, Hartman, Huizinga, Jorgenson, Kreps, Kreps, Leahy, Leland, Levine, Long, McDonald, Oi, Pindyck, Pindyck, Pindyck, Ramey, Sandmo, Selden, Weil, Weil, Zeira   +46 more
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Elasticities of substitution and complementarity [PDF]

Journal of Productivity Analysis, 2010
This paper develops a classification scheme of the many different definitions of elasticities of substitution and complementarity in the production case based on primal and dual representations of technology and their related direct and inverse demand functions, gross and net substitution, elasticity type, and three different basic concepts of ...
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Impact of farm protectionism on the use of agricultural inputs in Chile

Spanish Journal of Agricultural Research, 2019
Despite evidence highlighting the multiple benefits that liberalization can have in the agricultural sector, agricultural protectionism is abundant, especially in developing countries.
Gabriel Pino, Ariel Soto-Caro
doaj   +1 more source

Carbon tax effect difference on net-zero carbon emissions target and social welfare level promotion

Carbon Management, 2022
This research aims to find the best carbon tax regime for the achievement of net-zero carbon emissions and promotion of social welfare level. We discuss two regimes in this study, including carbon tax on total social welfare level (CTTW) and carbon tax ...
Ming-Chung Chang
doaj   +1 more source

The labor income Shares, the Price Markup, and the Elasticity of Substitution Between Capital and Labor [PDF]

پژوهشهای اقتصادی, 2017
The labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. This paper modifies these assumptions, and investigates how to behave actually dynamic the labor income share within the Iranian ...
Mohammadnabi Shahikitash, Mohammad Sharif Karimi, Elham Rezaei, Abdolreza Korani   +3 more
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ESTIMATION OF TRANSLOG COST FUNCTION OF BARLEY PRODUCTION IN WASIT [PDF]

Mesopotamia Journal of Agriculture, 2018
Model of translogy cost function does not pulling restrictions on elasticities of substitution and creating the model of declining total cost, the search applied on sample of farmers of barley crop which consists of 130 farmer distributing on 16 branch ...
H. ESKANDER, M. ALHAMDANI, Q JASSAM
doaj   +1 more source

Elasticity of Substitution for Production Functions in Romania and other Countries [PDF]

Theoretical and Applied Economics, 2007
The production function is explaining the mechanism through which inputs are changed into outputs and the partial efficiency of labour and capital. It also allows for understanding the elasticity of substitution, which measures the percentage change in ...
Gheorghe Zaman, Zizi Goschin
doaj   +1 more source

Piketty’s Elasticity of Substitution: A Critique [PDF]

Review of Political Economy, 2017
This article examines Thomas Piketty’s explanation of a falling wage share. Piketty explains rising income inequality between labor and capital as a result of one parameter of a production function: an elasticity of substitution, σ, between labor and capital greater than one.
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Structural change, elasticity of substitution, and growth

Journal of Applied Economics
This paper investigates structural change driven by sectoral differences in the elasticity of substitution (ES). While existing literature successfully replicates empirical patterns using complex numerical simulations, the underlying mechanisms often ...
Chen Wu, Hualong Cai
doaj   +1 more source