A Note on the Use of the Cobb-Douglas Profit Function

Ramesh Chand and J. L. Kaul

American Journal of Agricultural Economics, 1986, vol. 68, issue 1, 162-164

Abstract: Factor demand and output supply functions formulated within the framework of the Cobb-Douglas profit function have been widely used for the study of technological and production behavior of the farm firm. There are certain inbuilt rigidities in this function that have been very often construed as empirical findings by various authors. As such, a note of caution in the use of this function was thought necessary. An attempt is made to spell out the characteristics of this function with proofs.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:68:y:1986:i:1:p:162-164.

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