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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/1134| Title: | Terminological Inconsistencies of "Elasticity of Substitution, Substitution Curve, and Marginal Rate of Substitution: A Correction |
| Authors: | Arup Kanti Konar |
| Keywords: | Isoquant Substitution Isocost |
| Issue Date: | 2013 |
| Publisher: | Arlhshastra Indian Journal of Economics & Research |
| Abstract: | The present paper seeks to correct the inconsistencies of the three terms: (i) "elasticity of substitution" (ES), (ii) "substitution curve" (SC), and (iii) "marginal rate of substitution" (MRS). Such inconsistencies persist since their introduction in the 1930s. The correction of such inconsistencies can be executed in terms of Konar's (2009, 2012) "isoquant substitution curve" (IQSC) and "isocost substitution curve" (ICSC). |
| URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/1134 |
| Appears in Collections: | Article Archives |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| Terminological Inconsistencies of Elasticity of.pdf Restricted Access | Terminological Inconsistencies of Elasticity | 4.28 MB | Adobe PDF | View/Open Request a copy |
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