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CES Working Paper 2-05

Ah receptor signaling pathways.

The aryl hydrocarbon (Ah) receptor has occupied the attention of toxicologists for over two decades. Interest arose from the early observation that this soluble protein played key roles in the adaptive metabolic response to polycyclic aromatic hydrocarbons and in the toxic mechanism of halogenated dioxins and dibenzofurans. More recent investigations have provided a fairly clear picture of the ...

Production Functions Having the Ces Property

To what measure does the CES (constant elasticity of substitution) property determine production functions? We show that it is not possible to find explicitly all two variable production functions f(x, y) having the CES property. This slightly generalizes the result of R. Sato [16]. We show that if a production function is a quasi-sum then the CES property determines only the functional forms o...

Calibrated CES Utility Functions: A Worked Example

As is the case for all interesting questions in economics, the only good answer to this problem is “It depends.”. It is fairly easy to see how this works on intuitive grounds. Thomas’s offer in Zürich does not pay him enough to live exactly the lifestyle that he enjoys in Ann Arbor, as he would need a 60% raise to cover rent and consumption. The elasticity of substitution is key. If it is high,...