Psychophysical Foundations of the Cobb-Douglas Utility Function

Rossella Argenziano and Itzhak Gilboa

No 1269, HEC Research Papers Series from HEC Paris

Abstract: Relying on a literal interpretation of Weber's law in psychophysics, we show that a simple condition of independence across good categories implies the Cobb-Douglas preferences.

Keywords: Cobb-Douglas; Webers Law; Semi-Order (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2017-03-01
New Economics Papers: this item is included in nep-hpe, nep-mic and nep-upt
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Citations: View citations in EconPapers (6)

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Related works:
Working Paper: Psychophysical Foundations of the Cobb-Douglas Utility Function (2018)
Journal Article: Psychophysical foundations of the Cobb–Douglas utility function (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:1269

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