Frisch Elasticity I
Define the Frisch Elasticity as:
d log I d\ogw
c constant
For our parametric family:
1-7
1-7
-1
1-/
2.   logc +V>log(l - /)
/1+7
3.  logc-^xq^: 1/7-
1-Ž I   •
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