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The Cobb-Douglas Production Function Revisited [PDF]

Springer Proceedings in Mathematics and Statistics, 2021
Charles Cobb and Paul Douglas in 1928 used data from the US manufacturing sector for 1899-1922 to introduce what is known today as the Cobb-Douglas production function that has been widely used in economic theory for decades. We employ the R programming language to fit the formulas for the parameters of the Cobb-Douglas production function generated by
Smirnov, Roman G., Wang, Kunpeng
exaly   +3 more sources

Economic Entropy and the Cobb-Douglas Function: A Scientometric Analysis [PDF]

Entropy
Economic entropy, as an emerging concept in econophysics, has gained increasing relevance in the analysis of complex systems characterized by uncertainty, nonlinearity, and out-of-equilibrium dynamics.
Isabel Cristina Betancur-Hinestroza, Nini Johana Marín-Rodríguez, Francisco J. Caro-Lopera, Éver Alberto Velásquez Sierra   +3 more
doaj   +2 more sources

The Cobb-Douglas function for a continuum model

Cuadernos de Economía, 2017
This paper introduces two formal equivalent definitions of the Cobb-Douglas function for a continuum model based on a generalization of the Constant Elasticity of Substitution (CES) function for a continuum under not necessarily constant returns to scale
Javier Humberto Ospina Holguín
doaj   +4 more sources

A geometric perspective on the generalized Cobb–Douglas production functions

Applied Mathematics Letters, 2011
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Gabriel-Eduard Vilcu
exaly   +3 more sources

RANK-BASED ESTIMATION FOR COBB-DOUGLAS MODELLING IN THE PRESENCE OF OUTLIERS [PDF]

Russian Journal of Agricultural and Socio-Economic Sciences, 2018
Ordinary least square (OLS) has been widely used in estimating the Cobb-Douglas production function when analysing the empirical linkage between inputs and outputs.
Acquah De-Graft H.
doaj   +1 more source

REFLECTIONS ON THE ADAPTATION OF THE COBB-DOUGLAS FUNCTION TO WORK IN CIRCULAR ECONOMY STARTING WITH THE IMPLEMENTATION OF A BIODIGESTER IN SÃO JOSÉ DOS PINHAIS

Revista Tempo do Mundo, 2022
Linear Economy, the dominant model in the world, does not contribute to environmental, economic, and social sustainability. Global actions have not been enough to achieve sustainable development. The current Cobb-Douglas economic model operates in
Eliana L. F. Hellvig, Thais H. S. Flores-Sahagun   +1 more
doaj   +1 more source

Psychophysical Foundations of the Cobb-Douglas Utility Function [PDF]

SSRN Electronic Journal, 2017
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Argenziano, Rossella, Gilboa, Itzhak
openaire   +2 more sources

The Time Augmented Cobb-Douglas Production Function

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2019
The main objective of this paper is to propose and verify a time augmentation of the Cobb-Douglas production function parameters which should be able to capture changing conditions over time.
Lenka Roubalová, Lenka Viskotová
doaj   +1 more source

Multi-objective time-cost optimization using Cobb-Douglas production function and hybrid genetic algorithm

Journal of Civil Engineering and Management, 2016
Existing research on construction time-cost tradeoff issues rarely explore the origin of the crashing cost. Crashing cost function was either assumed without much justification, or came from historical data of some real pro­jects.
Zhigang Shen, Ashkan Hassani, Qian Shi
doaj   +1 more source

An Allometric Algorithm for Fractal-Based Cobb-Douglas Function of Geographical Systems

Discrete Dynamics in Nature and Society, 2014
The generalized Cobb-Douglas production function has been derived from a general input-output relation based on fractality assumptions. It was proved to be a useful self-affine model for geographical analysis.
Hongyu Luo, Yanguang Chen
doaj   +1 more source