economics and econometrics, the Cobb–Douglas production function is a particular functional form of the production function, widely used to represent the...

famous for developing the Cobb–Douglas production function in economics. He worked on this project with the economist Paul H. Douglas while lecturing at Amherst...

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}...

empirically. Linear functions imply that inputs are perfect substitutes in production. Another is as a Cobb–Douglas production function: Q = a 0 X 1 a 1...

\gamma _{i}=0} , the Stone–Geary function reduces to the generalised Cobb–Douglas function. The Stone–Geary utility function gives rise to the Linear Expenditure...

usual parameterizations of a Cobb–Douglas production function, the AK model uses a linear model where output is a linear function of capital. Its appearance...

(Beattie-LaFrance). An example of a utility function that generates indifference curves of this kind is the Cobb–Douglas function U ( x , y ) = x α y 1 − α , 0 ≤...

production function is a special case of a Cobb–Douglas production function: Y = A K a L 1 − a {\displaystyle Y=AK^{a}L^{1-a}\,} This equation shows a Cobb–Douglas...

example, the Cobb–Douglas 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...

{\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}...

choice Hotelling's lemma Hicksian demand function Marshallian demand function Cobb-Douglas production function Giffen Goods Purchasing power Normal good...

Estimates using the Cobb-Douglas Function". Econometrica. 26 (2): 306. doi:10.2307/1907592. JSTOR 1907592. "The Production Function | Microeconomics"....

harder to automate.) Multifactor productivity This equation is a "Cobb–Douglas function", which is used more often than any other output relationship because...

Function". The Review of Economics and Statistics. 39 (3): 312–320. doi:10.2307/1926047. Simon, Herbert; Levy, F. (1963). "A Note on the Cobb-Douglas...

is a function of x {\displaystyle x} . Data transformations are often used to convert an equation into a linear form. For example, the Cobb–Douglas function—often...

CES production function exhibits constant elasticity of substitution between capital and labor. Leontief, linear and Cobb–Douglas functions are special cases...

production function. Commonly used forms of production functions, such as Cobb-Douglas and Constant Elasticity of Substitution (CES) functions exhibit homothticity...

that give the consumer the same utility. A typical utility function is the Cobb–Douglas function: u ( x , y ) = x α ⋅ y β {\displaystyle u(x,y)=x^{\alpha...

production function is Number of cars = Min{1⁄4 times the number of tires, 1 times the number of steering wheels}. Cobb–Douglas production function Isoquant...

production functions is due to Johann Heinrich von Thünen, which presented an exponential version of it. The standard Cobb–Douglas production function found...

one (although the production function is not necessarily asymptotically Cobb–Douglas, a commonplace production function for which this condition holds)...

Conference. Fuleky, P. (September 2006). "Anatomy of a Cobb-Douglas Type Production/Utility Function in Three Dimensions". University of Washington. Fuleky...

ratio as the level of output expands. A Cobb–Douglas production function is an example of a production function that has an expansion path which is a straight...

Michael Kirk Douglas (born September 25, 1944) is an American actor and film producer. He has received numerous accolades, including two Academy Awards...

K+(1-\alpha )L]} when   γ = 1 {\displaystyle \ \gamma =1} Cobb–Douglas production function (or imperfect complements)   Y = A K α L 1 − α {\displaystyle...

progress. At its core, it is an aggregate production function, often specified to be of Cobb–Douglas type, which enables the model "to make contact with...

Green, Jerry (1995). Microeconomic Theory. Oxford: Oxford University Press. ISBN 0-19-507340-1. Anatomy of Cobb-Douglas Type Utility Functions in 3D...

y)} Linear utilities, Leontief utilities and Cobb–Douglas utilities are special cases of CES functions and thus are also homothetic. On the other hand...

distributions.[citation needed] In economics, the Cobb–Douglas production function is a family of production functions parametrized by the elasticities of output...

examples, there are two commodities, 1 and 2. 1. The utility function has the Cobb–Douglas form: u ( x 1 , x 2 ) = x 1 α x 2 β . {\displaystyle u(x_{1}...