Psychophysical Foundations of the Cobb-Douglas Utility Function
Rossella Argenziano and
Itzhak Gilboa ()
Working Papers from HAL
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; Weber's Law; Semi-Order (search for similar items in EconPapers)
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Journal Article: Psychophysical foundations of the Cobb–Douglas utility function (2017)
Working Paper: Psychophysical Foundations of the Cobb-Douglas Utility Function (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-01933881
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