Do Inada conditions imply that production function must be asymptotically Cobb-Douglas? A comment

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 3
Pages: 498-499

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We correct an intermediate mistake in Barelli and Pessôa [Barelli P. and Pessôa S. de A., 2003, "Inada conditions imply that production function must be asymptotically Cobb-Douglas," Economics Letters 81, 361-363] and show that the main result is still valid. We also show that Barelli and Pessôa wrongly identified the class of functions with elasticity of substitution asymptotically equal to one as the Cobb-Douglas class.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:3:p:498-499
Journal Field
General
Author Count
2
Added to Database
2026-01-25