Some Characterizations of the Cobb-Douglas and CES Production Functions in Microeconomics

It is well known that the study of the shape and the properties of the production possibility frontier is a subject of great interest in economic analysis. Vîlcu (Vîlcu, 2011) proved that the generalized Cobb-Douglas production function has constant return to scale if and only if the corresponding...

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Bibliographic Details
Main Authors: Xiaoshu Wang, Yu Fu
Format: Article
Language:English
Published: Hindawi Limited 2013-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2013/761832