Argenziano, Rossella and Gilboa, Itzhak (2017) Psychophysical foundations of the Cobb–Douglas utility function. Economics Letters, 157 (C). pp. 21-23. DOI https://doi.org/10.1016/j.econlet.2017.05.013
Argenziano, Rossella and Gilboa, Itzhak (2017) Psychophysical foundations of the Cobb–Douglas utility function. Economics Letters, 157 (C). pp. 21-23. DOI https://doi.org/10.1016/j.econlet.2017.05.013
Argenziano, Rossella and Gilboa, Itzhak (2017) Psychophysical foundations of the Cobb–Douglas utility function. Economics Letters, 157 (C). pp. 21-23. DOI 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 |
|---|---|
| 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: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 26 May 2017 13:36 |
| Last Modified: | 30 Oct 2024 20:43 |
| URI: | http://repository.essex.ac.uk/id/eprint/19734 |
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