Dimensional Analysis of Production and Utility Functions in Economics

This paper explores dimensional analysis of production and utility functions in economics. As raised by Barnett, dimensional analysis is important in consistency checks of economics functions. However, unlike Barnett's dismissal of CES and Cobb-Douglas production functions, we will demonstrate that under constant return-to-scale and other assumptions, production function can indeed be justified dimensionally. And then we consider utility functions.

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Year of publication:	2015-01-06
Authors:	Kim, Minseong

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Kim, Minseong (2015): Dimensional Analysis of Production and Utility Functions in Economics.
Classification:	B41 - Economic Methodology ; C00 - Mathematical and Quantitative Methods. General ; C02 - Mathematical Methods ; E10 - General Aggregative Models. General ; E13 - Neoclassical
Source:	BASE

Persistent link: https://www.econbiz.de/10015245664