NDLI: Using Cobb-Douglas Functions in Nonlinear Proqramming: A Regional Sector Model

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Using Cobb-Douglas Functions in Nonlinear Proqramming: A Regional Sector Model

Content Provider	AgEcon Search
Author	Watt, David L.
Description	Note: Paper presented in Agricultural and Applied Economics Association (AAEA) Conferences 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California
Abstract	Combining Cobb-Douglas production functions and a programming algorithm into a single framework provides an effective tool to simultaneously determine optimal input levels and commodity production levels. A regional application of the model involving an eight-year tracking period is reviewed. Profit maximization is enforced by equating the marginal value products with input prices. Input and output prices are represented by continuous functions.
Related Links	https://ageconsearch.umn.edu/record/283579/files/19-00105AAEA_0603.pdf
Page Count	12
File Format	PDF
DOI	10.22004/ag.econ.283579
Language	English
Publisher	Agricultural and Applied Economics Association (AAEA)
Publisher Date	1977-07-01
Access Restriction	Open
Subject Keyword	Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Cobb-douglas, Production Functions, Programming, Regional, Agricultural Sector Cobb-douglas Production Functions Programming Regional Agricultural Sector Production Economics
Content Type	Text
Resource Type	Article
Subject	Economics, Econometrics and Finance

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