Questions tagged [functional-form]
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3 questions
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Return to scale of a production function, $q = L^\lambda + K^\gamma$, is determining it possible in that general form?
Given the production function $q = L^\lambda + K^\gamma$, how do we determine the return to scale for different value of $\lambda$ and $\gamma$?
I know we have to determine the homogeneous degree of ...
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Ratio of two Jensen inequality
I have these pair of numbers
$ (a, b) = (\frac{4}{9}, \frac{1}{9}) $ and $(c, d) = (\frac{1}{2}, \frac{1}{6}) $. (Number mean nothing, just for illustration and simplification)
Note that - (a, b) are ...
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What does the empirical literature tell us about the relative merits of alternative functional forms describing the marginal utility of income?
Among the various functional forms that have been used on model the marginal utility of income in, e.g., in making decisions under uncertainty, and perhaps intertemporal choice as well, is the ...
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