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A stochastic approach to the Cobb-Douglas Production Function [PDF]

open access: possibleEconomics Bulletin, 2007
This paper presents a stochastic approach to the theory of aggregateproduction function, based on the theory of stochastic differentialequations. The main result is that under certain restrictions the productionfunction converges from below to the Cobb-Douglas functionproviding further support for the conclusion drawn by Jones (2005).
Constantin Chilarescu, Nicolas Vaneecloo
openaire   +1 more source

On Cobb-Douglas production function model

AIP Conference Proceedings, 2019
The purpose of this discourse is to describe the estimation methods of COBB-DOUGLAS production functional model thrash cost function and with multiplicative and additive errors. Nonlinear regression models have been a subject of an intensive investigation in select years.
B. Mahaboob   +4 more
openaire   +1 more source

The Cobb-Douglas or the Wicksell function? — A comment

Economy and History, 1973
Abstract In a recent issue of this Journal Mr. Carl-Axel Olsson has pointed out that the now ‘famous’ Cobb-Douglas function was used by Knut Wicksell long before Cobb and Douglas formulated this function on the basis of the empirical observations made by Professor Douglas about the share of wages in the total output. Mr. Olsson goes on to say that:
openaire   +1 more source

The Cobb-Douglas Production Function

1981
Consider now a special representation of the index function σ appearing in the definition of the nomothetic production surfaces (32) or (32.1). Let $$ \sigma = {\sigma _{0}}\left[ {\mathop{\Pi }\limits_{{i = 1}}^{N} {{(\frac{{{x_{1}}}}{{{x_{1}}0}})}^{{{a_{{i\quad }}}}}}\mathop{\Pi }\limits_{{k = 1}}^{L} {{(\frac{{{x_{1}}}}{{{x_{1}}0}})}^{{{b_{k}}}}}}
openaire   +1 more source

Reliable Optimal Production Control with Cobb-Douglas Model

Reliable Computing, 1998
This paper investigates the Cobb-Douglas production function mathematical model to describe the relationship among production, labor, and capital. The traditional settings on equilibrium market problem and seller's market problem, together with their corresponding optimal control problems are extended to an interval-based approach and to a dynamically ...
openaire   +2 more sources

The Cobb—Douglas Function

1987
David F. Heathfield, Sören Wibe
openaire   +1 more source

Explaining Cobb-Douglas with the New Mathematics of Inteduct

Theoretical Economics Letters, 2023
Michael Grabinski, Galiya Klinkova
exaly  

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