4
$\begingroup$

I know there are applications of determinants in economics to compute equilibrium, aide in identifying profit maximisation/cost minimisation and in calculating elasticity of substitution.

However, is there ever an economic interpretation Just the determinant on its own? What would the scenario be?

Improve this question
$\endgroup$
5
  • $\begingroup$ Does this help? $\endgroup$ – luchonacho Sep 12 '17 at 15:06
  • $\begingroup$ @luchonacho it does not quite cover an economic definition $\endgroup$ – EconJohn♦ Sep 12 '17 at 19:26
  • $\begingroup$ I'm not sure there is one :( $\endgroup$ – luchonacho Sep 12 '17 at 19:33
  • $\begingroup$ @luchonacho so why do we use it in calculating elasticity of substitution? $\endgroup$ – EconJohn♦ Sep 12 '17 at 19:44
  • $\begingroup$ Let me see if I can come up with something. Surely someone has thought about this. $\endgroup$ – luchonacho Sep 12 '17 at 19:47

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.