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Estimation of the Cobb-Douglas Production Function

Econometrica, 1975
WE CONSIDER THE PROBLEM of estimating the coefficients of the Cobb-Douglas production function when observations are obtained from a cross section of firms. Under the assumptions that the firms operate in competitive markets and maximize "actual" profits, a stochastic model of production of the firms can be ...
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The Cobb-Douglas Function

1971
Of the Marshallian type of function, the best known and the most widely used is the Cobb-Douglas production function. It takes its name from Professor (one-time Senator) Douglas who, from empirical observation, inferred its properties, and to his colleague Cobb, a mathematician, who suggested the mathematical form which had those properties.
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The Cobb-Douglas Production Function

Mathematics Magazine, 1980
(1980). The Cobb-Douglas Production Function. Mathematics Magazine: Vol. 53, No. 1, pp. 44-48.
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Die kostenfunktion einer Cobb-Douglas-produktionsfunktion

Weltwirtschaftliches Archiv, 1971
The Cost Function of a Cobb-Douglas Production Function. — It has been shown that the analytical expression of the cost function derived from a Cobb-Douglas production function is dependent on the degree of homogeneity. If the degree of homogeneity is the unity (constant returns to scale) then the cost function is linear and the marginal costs remain ...
Fleck, F. H., Bortis, H., Casutt, R.
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Efficient Cobb-Douglas Production Function

The Central Asian Review of Economics and Policy, 2019
In this paper, we present a function for the share of factors of output, which is in complete agreement with primary production theories in microeconomics. We follow some assumptions for production function, and also payment to each factor equals their marginal products, and we create a new production function which is called the efficient production ...
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The Cobb-Douglas Function

2015
We use the mosaic package to view a two input function—the Cobb-Douglas function—from different angles. We see how in the Cobb-Douglas production function output as a function of labour changes as we change the amount of capital or the level of technology. We see how we can graph isoquants.
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Invariant multiplicative efficiency and piecewise cobb-douglas envelopments

Operations Research Letters, 1983
A new multiplicative efficiency formulation is developed wherein the efficiency values are invariant under changes in the units of measurement of outputs and inputs. It is shown that the associated Data Envelopment Analysis (DEA) implies that optimal envelopments are of piecewise Cobb-Douglas type.
Charnes, A.   +3 more
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A Bayesian Application on Cobb‐Douglas Production Function

American Journal of Agricultural Economics, 1975
Cobb-Douglas production functions estimated by least-squares methods have been widely applied in agriculture. Estimates based on cross-sectional samples of farms, as most studies have been, almost typically result in some elasticities for land and labor which are negative.
S. Roy Chowdhury   +2 more
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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}}}}}}
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The Cobb-Douglas Learning Machine

Pattern Recognition, 2022
Sebastián Maldonado   +2 more
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