Psychophysical foundations of the Cobb–Douglas utility function

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 157
Issue: C
Pages: 21-23

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:157:y:2017:i:c:p:21-23
Journal Field
General
Author Count
2
Added to Database
2026-01-24