Cobb-Douglas Production Function: A Comparative Fit Proposal

Authors

DOI:

https://doi.org/10.5377/universitas.v10i1.14174

Keywords:

Cobb-Douglas, Multipliers, Lagrange, Optimization, Interpolation, Regression, Polynomial, Multivariate

Abstract

Two bivariate adjustment models are compared on real data in the area of economy; one is the production function proposed in 1928, by Charles Cobb and Paul Douglas, and the other is a complete bivariate polynomial of degree two. The goodness of fit of each model is analyzed and determines corresponding optimum subject to restrictions.

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Author Biographies

E.H. Catín-Ruiz, National Autonomous University of Nicaragua, León. Nicaragua

Researcher. Department of Mathematics and Statistics. Faculty of Sciences and Technologies.

D.S. Juárez-Zavala, National Autonomous University of Nicaragua, León. Nicaragua

Researcher. Department of Mathematics and Statistics. Faculty of Sciences and Technologies.

W.M. Carvajal-Herradora, National Autonomous University of Nicaragua, León. Nicaragua

Researcher. Department of Mathematics and Statistics. Faculty of Sciences and Technologies.

References

James Stewart (2001), Calculus Concepts and Contexts, Second Edition.

Dennis G. Zill, Jaqueline M. Dewar, (2012). Algebra, trigonometría y geometría analítica. 3ª. Ed.

https://gallica.bnf.fr/ark:/12148/bpt6k229946s/f97.image (página 77)

https://www.unioviedo.es/oeg/books/IAEP%20(libro).pdf (página 91)

https://www.researchgate.net/publication/273205094_The_Complete_Theory_of_Cobb-Douglas_Production_Function

https://study.com/academy/lesson/the-cobb-douglas-production-function-definition-formula-example.html

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Published

2019-07-01

How to Cite

Catín Ruiz, E. H., Juárez Zavala, D. S., & Carvajal Herradora, W. M. (2019). Cobb-Douglas Production Function: A Comparative Fit Proposal. Universitas (León), 10(1), 30–34. https://doi.org/10.5377/universitas.v10i1.14174

Issue

Vol. 10 No. 1 (2019)

Section

Original Scinetific Articles

License

Copyright (c) 2019 National Autonomous University of Nicaragua, León

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Copyright ©  Universitas (León),  Revista Cientifíca de la UNAN-León. Academic Direction. Research Department. Publication and Scientific Event Unit. 

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