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Results tagged with cobb-douglas
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user 17918
The Cobb-Douglas function is a commonly used functional form for a firm's production function or for consumers' utility, with a variety of convenient properties.
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Regression on derived consumer preference
I have a data set with some demographics of consumers who bought a product that can be used to imply their preference (beta) using Cobb-Douglas (see comments of original question). I’d like to check i …
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Consumer preference and price in the Cobb-Douglas function
I believe I’m using the most basic version of Cobb-Douglas: $U(x,y)=x^\beta * y ^{(1-\beta)}$. The question I have is: in this example would a consumer’s preference ($\beta$) change if the price of e …
- 2,383