Input substitution, aggregation, and engineering descriptions of production activities

Raymond J. Kopp, V. Kerry Smith

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

This paper presents experimental evidence on the effects of aggregation over micro units on the Allen partial elasticities of substitution between factor inputs. In contrast to all past work on aggregation, the micro technologies are described with engineering, process analysis models.

Original languageEnglish (US)
Pages (from-to)289-296
Number of pages8
JournalEconomics Letters
Volume5
Issue number4
DOIs
StatePublished - 1980

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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