ESTIMATION OF FIRM-VARYING, INPUT-SPECIFIC EFFICIENCIES IN DAIRY PRODUCTION [PDF]
Firm-varying production technologies were estimated using random coefficients regression methods for a sample of Massachusetts dairy farms. Results were compared to OLS Cobb-Douglas production function estimates.
Lass, Daniel A. +1 more
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A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change [PDF]
This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of labor- and capital-augmenting developments ...
Growiec, Jakub
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The Substitution and the Revenue Effects for a Cobb-Douglas Utility Function [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2010 In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case of one good price’s modifing. There exists two theories due to John Richard Hicks and Eugen Slutsky which allocates differents shares ...
Catalin Angelo IOAN, Gina IOAN
doaj
The cobb-douglas function as an approximation of other functions
, 2011 By defining the Variable Output Elasticities Cobb-Douglas function, this article shows that a large class of production functions can be approximated by a Cobb-Douglas function with nonconstant output elasticity.
Reynès, Frédéric
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MULTI-OBJECTIVE TIME-COST OPTIMIZATION USING COBB-DOUGLAS PRODUCTION FUNCTION AND HYBRID GENETIC ALGORITHM [PDF]
, 2013 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.
Hassani, Ashkan +2 more
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The Cobb-Douglas Production Function and the Old Bowley's Law [PDF]
Bowley's law, also referred to as the law of the constant wage share, was a noteworthy empirical finding in economics, suggesting that a nation's wage share tended to remain stable over time, as observed through most of the 20th century.
Wang, Kunpeng, Smirnov, Roman G.
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Cobb-Douglas Utility - Eventually! [PDF]
Consider the following two opinions, both of which can be found in the literature of consumer demand systems: (a) As the real income of a consumer becomes indefinitely large, re-mixing the consumption bundle becomes irrelevant: having chosen the ...
Keith R. McLaren +3 more
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Output Maximization of an Agency [PDF]
Considering Cobb-Douglas function in three variables as an explicit form of production function, in this paper an attempt has been made to maximize an output subject to a budget constraint, using Lagrange multipliers technique, as well as necessary and ...
Haradhan Kumar Mohajan +2 more
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The Early Use of the Wicksell-Cobb-Douglas Function: A Comment on Weber
, 1999 It can be shown that Knut Wicksell used this production function implicitly as early as 1895 in his doctoral dissertation Zur Lehre von der Steuerincidenz, and explicitly in 1900. Philip H. Wicksteed, on the contrary, defined the production function in a
Sandelin, Bo,
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On Restricted Least Squares: the Cobb-Douglas Production Function for the Nigerian Economy
, 2012 The Cobb-Douglas production function (Y = AL?K?) is still today the most ubiquitous form in theoretical and empirical analyses of growth and productivity (Felipe and Adams, 2005). This paper examines the Nigerian economy from 1990 to 2009 and uses the “F-
Justus A, ADEMUYIWA +2 more
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