Results 211 to 220 of about 78,799 (235)

Efficient Cobb-Douglas Production Function

The Central Asian Review of Economics and Policy, 2019
In 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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Fitting of Cobb-Douglas Production Functions: Revisited

2008
The set of Cobb-Douglas production functions is usually fitted by first linearizing the models through logarithmic transformation and then applying method of least squares. However, this procedure is valid only when the underlying assumption of multiplicative error-terms is justified.
Prajneshu, Prajneshu
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The Cobb-Douglas Production Function

1981
Consider 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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Capital accumulation under Cobb-Douglas production functions

Zeitschrift für Nationalökonomie, 1964
We will consider an economy with two goods where stocks at any time are transformed into another configuration of stocks one period later via the Cobb-Douglas production functions. Stocks available at the beginning of a period will serve as inputs; stocks available at the end of the period will equal initial stocks plus flow-output minus depreciation ...
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Inada conditions asymptotically transform production function into the Cobb–Douglas

Economics Letters, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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A Cobb‐Douglas Production Function with Variable Returns to Scale

American Journal of Agricultural Economics, 1970
T HE OBJECTIVE of this paper is to present a production function with variable returns to scale over the range of the function. A modified form of the Cobb-Douglas function is developed for this purpose. Data from a sample of farms are used to estimate the parameters of the modified function utilizing single-stage least-squares estimation.
Edwin F. Ulveling, Lehman B. Fletcher
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Death to the Cobb-Douglas production function

2019
Wir zeigen, dass die große Substitutionselastizität zwischen Kapital und Arbeit, die in der Literatur im Durchschnitt auf etwa 0,9 geschätzt wird, von drei Faktoren erklärt werden kann: eine selektive Publikation konformer Ergebnisse, die Verwendung aggregierter Daten und die Nicht-Berücksichtigung der Bedingung erster Ordnung für den Kapitaleinsatz ...
Gechert, Sebastian, Havránek, Tomáš, Havránková, Zuzana, Kolcunova, Dominika   +3 more
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The Cobb-Douglas Production Function and Political Economy

SSRN Electronic Journal, 2009
In classical and Marxian political economy economic advancement takes place in stages of development. These stages are characterized by different functional distributions of income. In this paper we show that the Cobb-Douglas Production Function is the only production function which has the property of a constant functional distribution of income of ...
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The Cobb-Douglas Production Function: Applicability and Limitation

Agriculture Archives
Cobb-Douglas production functions have been used extensively in agricultural economics as a means of exploring the relationship between inputs and outputs in agricultural production. But, because it is simple and highlights key elements of production processes, it is commonly used.
Ram Krishna Mandal, Chokio Taku
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The Complete Theory of Cobb-Douglas Production Function

ACTA UNIVERSITATIS DANUBIUS. OECONOMICA, 2015
The paper treats various aspects concerning the Cobb-Douglas production function. On the one hand were highlighted conditions for the existence of the Cobb-Douglas function. Also were calculated the main indicators of it and short and long-term costs. It has also been studied the dependence of long-term cost of the parameters of the production function.
Catalin Angelo Ioan, Gina Ioan
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