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arXiv · 2411.08067

A note on the Cobb-Douglas function

Richard Vale
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Abstract

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.

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Richard Vale. 2024-11-11. A note on the Cobb-Douglas function. https://arxiv.org/abs/2411.08067

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