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Theoretical formula for production function

Journal: Economic Cybernetics. International scientific journal (Vol.61, No. 1)

Publication Date:

Authors : ;

Page : 64-68

Keywords : Theoretical formula; production function; thermodynamic analogy; empirical formulas of Cobb-Douglas;

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Abstract

With the help of a method of thermodynamic analogy the general formula for production function is received from which the empirical formulas of Cobb-Douglas and of Tinbergen follow as special cases.

Last modified: 2014-02-23 18:39:29