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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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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
Mathematics Magazine, 1980(1980). The Cobb-Douglas Production Function. Mathematics Magazine: Vol. 53, No. 1, pp. 44-48.
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A stochastic approach to the Cobb-Douglas Production Function [PDF]
Economics 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
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On Cobb-Douglas production function model
AIP Conference Proceedings, 2019The 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
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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 or the Wicksell function? — A comment
Economy and History, 1973Abstract 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:
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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 Function and Its Extension
Economic Journal of Nepal, 1983Not Available.
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The Cobb-Douglas Function and Hölder's Inequality
The College Mathematics Journal, 2011Holder's inequality is here applied to the Cobb-Douglas production function to provide simple estimates to total production.
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