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Estimation of the Cobb-Douglas Production Function
Econometrica, 1975WE 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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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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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, 1971The 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, 2019In 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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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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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, 1983A 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, 1975Cobb-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
1981Consider 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, 2022Sebastián Maldonado +2 more
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