Normalising CES production functions in the calibration of basic dynamic models allows to choose technology parameters in an economically plausible way. When variations in the elasticity of substitution are considered, normalisation is necessary in order to exclude arbitrary effects. As an illustration, the effect of the elasticity of substitution on the speed of convergence in the Ramsey model...

the serious obstacles to improve water supply, has caused world debates, seeking some solutions to tackle the problem of shortages in water supply. t. therefore, programs and policies have focused mainly on appropriate pricing approachof. since the water industry in iran has been monopolized by the government, an effective pricing approach is assumed to maximize the social welfare with consider...

the aim of the paper is to survey factors productivity in small & medium scale manufactories located in toos industrial town. in order to achieve this purpose, production functions of different industrial groups are estimated on the base of cross-section data in 2005. then elasticity of factors production, average productivity, marginal productivity, labor intensive and capital intensive are de...

In this section, I will apply plant-level input price variation and materials usage to provide an alternate set of estimates of εQ. To do so, I pursue the following two-part strategy. For each industry, I estimate how easily individual plants substitute across their factors of production, by relating plants’ materials purchases to their materials prices. Then, I apply the methods developed in O...

Banana peel (BP) noodles prepared by partial substitution of wheat flour with green Cavendish banana peel flour were characterized for physicochemical properties and in-vitro starch hydrolysis. Cooked noodles were assessed for pH, colour, tensile strength and elasticity and in-vitro hydrolysis index (HI) and estimated glycemic index (GI). BP noodles had lower L* (darker) and b* values (less yel...

In this paper, the free vibration analysis of sandwich micro beam with piezoelectric layers based on the modified couple stress and surface elasticity theories are investigated. The Hamilton’s principle is employed to derive the sandwich micro beam with piezoelectric based on modified couple stress theory incorporating with Gurtin- Murdoch surface theory. The generalized differential quadrature...

In this document, we have developed a model to analyze the optimal allocation of ownership right in sequential production stage along the global value chains. We have shown that, when the demand elasticity is low (high) relative to the degree of substitution among inputs in sequential production, and the bargaining weight of firm is low (high), integration (outsourcing) is the optimal organizat...