Dimensional Analysis of Production and Utility Functions in Economics

Released on by Bryce Kim
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  • Dimensional Analysis of Production and Utility Functions in Economics Book Detail

  • Author : Bryce Kim
  • Release Date : 2015
  • Publisher :
  • Genre :
  • Pages : 4
  • ISBN 13 :
  • File Size : 32,32 MB
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Dimensional Analysis of Production and Utility Functions in Economics by Bryce Kim PDF Summary

Book Description: 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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