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CES Technology
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Definition of CES Technology: An example of CES technology, adapted from Caselli and Ventura:

For capital k, labor input n, and constant b<
f(k,n) = (kb + nb)1/b

Here the elasticity of substitution between capital and labor is less than one, i.e. 1/(1-b)<1. (Econterms)

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About.Com Resources on CES Technology:
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Books on CES Technology:
None

Journal Articles on CES Technology:

  • "A Representative Consumer Theory of Distribution" by Francesco Caselli and Jaume Ventura, working paper dated April, 1996 presented at Summer Macro Conference at Northwestern University circa July 28, 1996
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