• Thumbnail for Cobb–Douglas production function
    economics and econometrics, the CobbDouglas production function is a particular functional form of the production function, widely used to represent the...
    28 KB (4,871 words) - 18:37, 1 June 2025
  • famous for developing the CobbDouglas production function in economics. He worked on this project with the economist Paul H. Douglas while lecturing at Amherst...
    3 KB (255 words) - 19:14, 26 June 2025
  • Thumbnail for Production function
    empirically. Linear functions imply that inputs are perfect substitutes in production. Another is as a CobbDouglas production function: Q = a 0 X 1 a 1...
    31 KB (4,261 words) - 09:47, 3 April 2025
  • usual parameterizations of a CobbDouglas production function, the AK model uses a linear model where output is a linear function of capital. Its appearance...
    5 KB (776 words) - 17:21, 15 November 2023
  • \gamma _{i}=0} , the Stone–Geary function reduces to the generalised CobbDouglas function. The Stone–Geary utility function gives rise to the Linear Expenditure...
    3 KB (353 words) - 10:19, 24 May 2025
  • Thumbnail for Indifference curve
    (Beattie-LaFrance). An example of a utility function that generates indifference curves of this kind is the CobbDouglas function U ( x , y ) = x α y 1 − α , 0 ≤...
    32 KB (4,675 words) - 08:50, 2 November 2024
  • example, the CobbDouglas function could also be written as: w x log ⁡ x + w y log ⁡ y {\displaystyle w_{x}\log {x}+w_{y}\log {y}} . Such functions only become...
    4 KB (203 words) - 20:20, 31 May 2025
  • {\displaystyle v(p,e(p,u))\equiv u} Let's say the utility function is the Cobb-Douglas function u ( x 1 , x 2 ) = x 1 0.6 x 2 0.4 , {\displaystyle u(x_{1}...
    5 KB (858 words) - 07:35, 24 June 2025
  • Thumbnail for Endogenous growth theory
    production function is a special case of a CobbDouglas production function: Y = A K a L 1 − a {\displaystyle Y=AK^{a}L^{1-a}\,} This equation shows a Cobb–Douglas...
    13 KB (1,464 words) - 19:55, 14 October 2024
  • Thumbnail for Diminishing returns
    Estimates using the Cobb-Douglas Function". Econometrica. 26 (2): 306. doi:10.2307/1907592. JSTOR 1907592. "The Production Function | Microeconomics"....
    23 KB (2,907 words) - 10:37, 26 June 2025
  • is a function of x {\displaystyle x} . Data transformations are often used to convert an equation into a linear form. For example, the CobbDouglas function—often...
    28 KB (4,717 words) - 18:09, 24 March 2025
  • harder to automate.) Multifactor productivity This equation is a "CobbDouglas function", which is used more often than any other output relationship because...
    16 KB (2,567 words) - 06:30, 20 September 2024
  • that give the consumer the same utility. A typical utility function is the CobbDouglas function: u ( x , y ) = x α ⋅ y β {\displaystyle u(x,y)=x^{\alpha...
    45 KB (6,471 words) - 18:46, 2 March 2025
  • production function. Commonly used forms of production functions, such as Cobb-Douglas and Constant Elasticity of Substitution (CES) functions exhibit homothticity...
    13 KB (1,517 words) - 07:42, 1 January 2025
  • problem is the cost minimization problem Suppose the utility function is the Cobb-Douglas function u ( x 1 , x 2 ) = x 1 .6 x 2 .4 , {\displaystyle u(x_{1}...
    8 KB (1,627 words) - 02:54, 26 January 2025
  • Thumbnail for Anwar Shaikh (economist)
    JSTOR 1926047. Simon, Herbert; Levy, F. (1963). "A Note on the Cobb-Douglas Function". Review of Economic Studies. 30 (2): 93–104. doi:10.2307/2295806...
    16 KB (1,900 words) - 19:47, 17 April 2025
  • Thumbnail for Leontief production function
    production function is Number of cars = Min{1⁄4 times the number of tires, 1 times the number of steering wheels}. CobbDouglas production function Isoquant...
    2 KB (242 words) - 19:46, 26 May 2024
  • CES production function exhibits constant elasticity of substitution between capital and labor. Leontief, linear and CobbDouglas functions are special cases...
    12 KB (1,891 words) - 11:37, 15 June 2025
  • Thumbnail for Inada conditions
    one (although the production function is not necessarily asymptotically CobbDouglas, a commonplace production function for which this condition holds)...
    6 KB (798 words) - 12:58, 19 February 2025
  • choice Hotelling's lemma Hicksian demand function Marshallian demand function Cobb-Douglas production function Giffen Goods Purchasing power Normal good...
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  • Thumbnail for History of microeconomics
    production functions is due to Johann Heinrich von Thünen, which presented an exponential version of it. The standard CobbDouglas production function found...
    64 KB (9,024 words) - 19:31, 23 December 2024
  • distributions.[citation needed] In economics, the CobbDouglas production function is a family of production functions parametrized by the elasticities of output...
    3 KB (331 words) - 21:03, 19 June 2025
  • Thumbnail for Profit (accounting)
    Conference. Fuleky, P. (September 2006). "Anatomy of a Cobb-Douglas Type Production/Utility Function in Three Dimensions". University of Washington. Fuleky...
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  • Thumbnail for Michael Douglas
    Michael Kirk Douglas (born September 25, 1944) is an American actor and film producer. He has received numerous accolades, including two Academy Awards...
    88 KB (8,235 words) - 16:58, 25 May 2025
  • K+(1-\alpha )L]} when   γ = 1 {\displaystyle \ \gamma =1} CobbDouglas production function (or imperfect complements)   Y = A K α L 1 − α {\displaystyle...
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  • Green, Jerry (1995). Microeconomic Theory. Oxford: Oxford University Press. ISBN 0-19-507340-1. Anatomy of Cobb-Douglas Type Utility Functions in 3D...
    3 KB (399 words) - 12:56, 10 September 2023
  • Thumbnail for Expansion path
    ratio as the level of output expands. A CobbDouglas production function is an example of a production function that has an expansion path which is a straight...
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  • Thumbnail for John B. Cobb
    John Boswell Cobb Jr. (9 February 1925 – 26 December 2024) was an American theologian, philosopher and environmentalist. He is often regarded as the preeminent...
    59 KB (6,981 words) - 07:43, 8 June 2025
  • progress. At its core, it is an aggregate production function, often specified to be of CobbDouglas type, which enables the model "to make contact with...
    35 KB (4,942 words) - 13:50, 13 May 2025
  • W. W.; Schinnar, A. P. (1976). "A theorem on homogeneous functions and extended CobbDouglas forms". Proc. Natl. Acad. Sci. 73 (10): 3747–3748. Bibcode:1976PNAS...
    3 KB (305 words) - 13:22, 12 April 2025