Argenziano, Rossella and Gilboa, Itzhak (2017) 'Psychophysical foundations of the Cobb–Douglas utility function.' Economics Letters, 157 (C). pp. 21-23. ISSN 0165-1765
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Official URL: https://doi.org/10.1016/j.econlet.2017.05.013
Abstract
Relying on a literal interpretation of Weber’s law in psychophysics, we show that a simple condition of independence across good categories implies the Cobb–Douglas preferences.
| Item Type: | Article |
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| Uncontrolled Keywords: | Cobb-Douglas; Weber's law; Semi-order |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
| SWORD Depositor: | Elements |
| Depositing User: | Elements |
| Date Deposited: | 26 May 2017 13:36 |
| Last Modified: | 18 Aug 2022 11:34 |
| URI: | http://repository.essex.ac.uk/id/eprint/19734 |
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