A Note on the Determinants of Labour Share Movements by Sebastian Kessing Adjustment costs cause movements of the labour share if the economy experiences demand or wage shocks. With linear adjustment costs and Cobb-Douglas technology, these movements are independent of the size of these shocks and depend only on the size of the adjustment costs.

More than thirty years ago, Charnes, Cooper and Schinnar (1976) established an enlightening contact between economic production functions (epfs) — a cornerstone of neoclassical economics — and information theory, showing how a generalization of the Cobb-Douglas production function encodes homogeneous functions. As expected by Charnes et al., the contact turns out to be much broader: we show how...

In this paper we apply a coalitional stability analysis to a Cobb-Douglas economy with multilateral environmental externalities. We find that the sequential core of the economy can be unique, empty or nonempty depending on the intensity of agents' preferences on private and public goods.

We consider an optimal consumption, leisure, investment, and voluntary retirement problem for an agent with a Cobb–Douglas utility function. Using dynamic programming, we derive closed form solutions for the value function and optimal strategies for consumption, leisure, investment, and retirement.

In the present study, the energetic and economic modeling of lentil and chickpea production in Esfahan province of Iran was conducted using adaptive neuro-fuzzy inference system (ANFIS) and linear regression. Data were taken by interviewing and visiting of 140 lentil farms and 110 chickpea farms during 2014-2015 production period. The results showed that the yield and total energy consumpti...

The paper analyses dynamical growth models predicting the cyclic development of investigated economic factors. provided research deals with an optimal control problem based on model production function Cobb–Douglas type. Following Pontryagin maximum principle, we derived Hamiltonian system and conducted its qualitative analysis, which reveals conditions for behaviour solutions around isolate st...

Abstract This paper proposes a solution to certain macroeconomic model. A multi-alternative problem of aviation transportation optimal organisation in conditions uncertainty the subjective preference functions is considered. Conditional optimisation objective functional containing entropy individuals’ operational effectiveness preferences carried out framework simplest problem. The principle So...