This is Cobb

55 Years Later: Why Douglas Merged With McDonnell

Long time coming: Cobb gets 2nd shutout, 10-plus years after 1st

in example 41 we looked at the cobb douglas utility function uxyxay1 a where 0a1 this problem illustrates a few more attributes of that function a calculate the indirect utility function for 36322

In a pure exchange economy with two goods, G and H, the two traders have Cobb-Douglas utility functions. Amos' utility is Ua=(Ga)^α(Hα)^1-α and Elise's is Uc=(Gc)^β(Hc)^1-β . What are their marginal rates of substitution? Between them, Amos and Elise own 120 units of G and 90 units of H . Thus, if Amos has Ga and Ha, Elise has Ge=120-Ga and He=90-Ha . Solve for their contract curve. | Numerade

Cobb-Douglas Production Function | Formula, Equation & Example

Cobb – Douglas Production Function - SlideServe

Suppose that the production function is Cobb-Douglas. (a) Find expressions for k^*, y^*, and c^* as functions of the parameters of the model, s, n, δ, g, and α(b) What is the golden-rule value of k ? (c) What saving rate is needed to yield the golden-rule capital stock? | Numerade