Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Econometrica> Issues> Browse & Search Econometrica>Estimation of Returns to Scale and the Elasticity of Substitution

Econometrica: Jul, 1967, Volume 35, Issue 3

Estimation of Returns to Scale and the Elasticity of Substitution

https://www.jstor.org/stable/1905646
p. 419-423

G. S. Maddala, J. B. Kadane

This paper concerns itself with the following problem: Suppose the true production function is of the CES type with constant returns to scalle. If we fit an unrestricted Cobb-Douglas production function instead, what is the nature of the bias in the estimate of the returns to scale parameter?

Institutional Access
Log In To View Full Content

Publications

Econometrica


Log In


Forgot your password?