ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Jock R AndersonSubscribe to Jock R Anderson

On Cobb-Douglas and Related Myths

This note argues that continued analysis of economic efficiency in farming within a framework of cross-sectional production functions is bound to be an unrewarding activity for economists. Particular criticism is directed at the inevitable Cobb-Douglas function, supporting the apparently unheeded plea of R K Sau [10] against uncautious and uncritical use of this restrictive model.
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