Elasticities of substitution for a regulated cost function

V. Kerry Smith

Research output: Contribution to journalArticlepeer-review

7 Scopus citations


This paper proposes a modification to the Uzawa (1962) characterization of the Allen partial elasticity of substitution under cost minimization to take account of the behavioral properties of the cost function for a firm subject to rate-of-return regulation.

Original languageEnglish (US)
Pages (from-to)215-219
Number of pages5
JournalEconomics Letters
Issue number3
StatePublished - 1981

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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