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

In practical multi-attribute procurement auctions, the profit and winning a contract have different importance to the suppliers. This paper assumes that the suppliers weight the profit and probability ...

In this paper we derive the exact distribution of the indirect least squares estimator of the coefficients of the Cobb-Douglas production function within the context of a stochastic production model ...

In estimating parameters of the Cobb-Douglas production function, assuming competition and profit maximization, the estimator to be employed depends on the specification of the behavior of the ...

Economics Terms Exercise - Utility Maximization Consider an individual who is deciding to spend $40 on either coffee or snacks. A cup of coffee (x1) costs $2, while a bag of snacks (x2) costs $0.50.