Solution of the system of nonlinear PDEs characterizing CES property under quasi-homogeneity conditions

Solution of the system of nonlinear PDEs characterizing CES property under quasi-homogeneity conditions

Abstract The constant elasticity of substitution (CES for short) is a basic property widely used in some areas of economics that involves a system of second-order nonlinear partial differential equations. One of the most remarkable results in mathematical economics states that under homogeneity cond...

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Bibliographic Details
Main Authors: Haila Alodan, Bang-Yen Chen, Sharief Deshmukh, Gabriel-Eduard Vîlcu
Format: Article
Language:English
Published: SpringerOpen 2021-05-01
Series:Advances in Difference Equations
Subjects:
System of nonlinear PDEs
Production function
Elasticity of substitution
CES property
Online Access:https://doi.org/10.1186/s13662-021-03417-6

Internet

https://doi.org/10.1186/s13662-021-03417-6

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