Examples of 'cobb-douglas' in a sentence
Meaning of "cobb-douglas"
Cobb-Douglas is an adjective used in economics to describe a specific production function that represents the relationship between inputs and outputs in a production process, named after economists Charles Cobb and Paul Douglas
How to use "cobb-douglas" in a sentence
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cobb-douglas
A Cobb-Douglas utility function implies that goods are independent.
All consumers have the same Cobb-Douglas utility functions.
The Cobb-Douglas function is often used as a utility function.
The production model employs a standard Cobb-Douglas production function.
A single Cobb-Douglas production function was fitted to the data.
Each country produces a single good using a Cobb-Douglas production technology.
Use the Cobb-Douglas function to determine total aggregate production.
It will be appropriate to see the unitary elasticity of substitution in Cobb-Douglas production function.
In the Cobb-Douglas function capital and labor are interchangeable substitutes.
Therefore, the second set of tests employ the Cobb-Douglas production function as a framework.
The Cobb-Douglas production function is a function that is used a lot in economics.
The geometric index is exact for a Cobb-Douglas function which is homogeneous of degree one.
A Cobb-Douglas specification is used for both utility and production functions in the model.
Efficiency estimation from Cobb-Douglas production functions with composed error.
In the first place capital and labor are aggregated using a Cobb-Douglas production function.
See also
Estimation of the Cobb-Douglas production function for agricultural farms.
Otherwise, the Translog specification is preferred to the Cobb-Douglas production function.
Specifically, the Cobb-Douglas production function is the formula used for this calculation.
This model uses econometric approach based on the Cobb-Douglas function and its modifications.
Leontief, linear and Cobb-Douglas functions are special cases of the CES production function.
Similarly, it is not necessarily the case that a macro Cobb-Douglas applies at the disaggregated level.
This equation shows a Cobb-Douglas function where Y represents the total production in an economy.
Two forms of the production function were adopted, the Cobb-Douglas function and the translog function.
The parameters of the Cobb-Douglas type production function for capital and labour are derived from A.
Finally, the authors can not reject the assumption of a Cobb-Douglas technology.
Traditional cost functions include Cobb-Douglas and the constant elasticity of substitution models.
Cobb-Douglas function describes the technological problems.
Example: a standard Cobb-Douglas production function.
The Cobb-Douglas production function is a two-factor model.
Assuming an economy with a Cobb-Douglas production function,.
The Cobb-Douglas case with constant wage.
The household 's preferences are given by a log-linear transformation of a Cobb-Douglas utility function.
The form of a Cobb-Douglas production function is,.
The structural determinants method, which was an indirect approach using a Cobb-Douglas production function ;.
In its generalized form, the Cobb-Douglas function models more than two goods.
Similar to the textbook Solow-Swan model, the production function is of Cobb-Douglas type,.
The basic form of the Cobb-Douglas production function is shown in the following equation ( 1 ).
This reveals that when a = 1, the CES production function becomes the Cobb-Douglas production function.
In the case of the Cobb-Douglas production function, output elasticity can be measured quite easily,.
Kaldor-Verdoorn equation and Cobb-Douglas production f unction.
Below a first-tier cobb-douglas function, consumption trade-off across sectors is represented through a LES-cES function.
If p = 0 then the function becomes a Cobb-Douglas production function and a = 1.
Cobb-Douglas model of production.
An example, The Cobb-Douglas utility function.
We consider a Cobb-Douglas production function with 6 production factors, bed, phys, nurs, nurs aux, adm and supp.
Particularly, linear, Leontief and Cobb-Douglas utilities are homothetic and thus have the Gorman form.
Table 2 Results of the Cobb-Douglas stochastic production function estimation.
The adopted Cobb-Douglas function is,.
