The empirical basis of theories that go along with a Cobb-Douglas production function can be seen to be weak in this light. The Economic and Political Weekly, published from Mumbai, is an Indian ...

In estimating parameters of the Cobb-Douglas production function, assuming competition and profit maximization, the estimator to be employed depends on the specification of the behavior of the ...

At a basic level, this treats output as a function of labour, capital, energy and time—effectively adding Energy as a third input to the Cobb-Douglas model (Equation ).