Big Chemical Encyclopedia

Chemical substances, components, reactions, process design ...

Articles Figures Tables About

Cobb-Douglas function

Section 14.3.1 presents estimates of a Cobb-Douglas cost function using Nerlove s 1955 data on the U.S. electric power industry. Christensen and Greene s 1976 update of this study used 1970 data for this industry. The Christensen and Greene data are given in Table F5.2. These data have provided a standard... [Pg.90]

An economic constitutive relationship that has a functional form postulated to take into account capital, labor, and their relationship to process plant size is the Cobb-Douglas equation ... [Pg.299]

Suppose a plant s operation can be represented by a Cobb-Douglas production function of... [Pg.353]

Cross-section data for the U.S. manufacturing sector suggest 1.0 as a reasonable starting value for the elasticity of substitution of capital and labor (Hamermesh 1993). We also investigated how our results change with the elasticity of substitution, or as we move away from the Cobb-Douglas production function. [Pg.105]

See other pages where Cobb-Douglas function is mentioned: [Pg.15]    [Pg.300]    [Pg.301]    [Pg.15]    [Pg.537]    [Pg.15]    [Pg.300]    [Pg.301]    [Pg.15]    [Pg.537]    [Pg.150]    [Pg.90]    [Pg.173]   
See also in sourсe #XX -- [ Pg.299 ]

See also in sourсe #XX -- [ Pg.537 ]



SEARCH



Douglas

© 2024 chempedia.info