Research Repository

Psychophysical foundations of the Cobb–Douglas utility function

Argenziano, Rossella and Gilboa, Itzhak (2017) 'Psychophysical foundations of the Cobb–Douglas utility function.' Economics Letters, 157 (C). pp. 21-23. ISSN 0165-1765

[img]
Preview
Text
1-s2.0-S016517651730191X-main.pdf - Accepted Version
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (222kB) | Preview

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
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

Actions (login required)

View Item View Item