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A Study on the Cobb-Douglas Production Function
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On Exact Multicollinearity and the Estimation of the Cobb‐Douglas Production Function
American Journal of Agricultural Economics, 1974AbstractThe assumptions of the economic model underlying the traditional Cobb‐Douglas production function analysis imply that exact multicollinearity should exist among the inputs. Restricted estimation procedures may lead to parameter estimates with additional economic content.
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The Cobb-Douglas Production Function for an Exponential Model
Contributions To Economics, 2022Roman G. Smirnov +2 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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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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