A note on the Cobb-Douglas function
Fuente:
arXiv
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| Format: | Preprint |
| Publié: |
2024
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| _version_ | 1866929589159198720 |
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| author | Vale, Richard |
| author_facet | Vale, Richard |
| contents | This note observes that the Cobb-Douglas function is uniquely characterized by the property that, if the labour share of cost for a constant-returns-to-scale firm remains constant when the firm minimizes its cost for any given output level, then the firm's production function must be Cobb-Douglas. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2411_08067 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | A note on the Cobb-Douglas function Vale, Richard General Economics Economics This note observes that the Cobb-Douglas function is uniquely characterized by the property that, if the labour share of cost for a constant-returns-to-scale firm remains constant when the firm minimizes its cost for any given output level, then the firm's production function must be Cobb-Douglas. |
| title | A note on the Cobb-Douglas function |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2411.08067 |