This article applies the Cobb/Douglas production function to measure synergy effects of a Public Social Private Partnership (PSPP) project. Following a short overview of the literature on Public Private Partnership and in particular on Public Social Private Partnership the microeconomic approach of the Cobb/Douglas production function is presented which can be interpreted in this context as a g...

This paper tries to estimate the capital investment required for the fixed-telephony network switching equipment as demanded by the fourth national development plan. As a first step, the Cobb-Douglas model is used as a successful demand forecasting model to estimate the demand over the target years. Then, an architectural plan is developed for the fixed-telephony switching network that takes in...

for helpful comments on earlier drafts. All remaining errors and omissions are the author's. Comments and criticisms are welcome. ABSTRACT This paper estimates potential output using a number of statistical trend methods and a Cobb Douglas production function. Two measures of the output gap using the Cobb Douglas production function method are estimated. One measure models technology as a linea...

With a brief review of the studies on the industry in Data Envelopment Analysis (DEA) framework, the present paper proposes inner and outer technologies when only some basic information is available about the technology. Furthermore, applying Linear Programming techniques, it also determines lower and upper bounds for directional distance function (DDF) measure, overall and allocative efficienc...

An optimal consumption problem is studied in a growth model for the Cobb-Douglas production function in a finite horizon. The problem is transfered into a stochastic Ramsey problem so as to reduce the dimension of the state space. The corresponding state equation is a stochastic differential ∗The second author is supported in part by a start-up fund at University of Oxford, and RGC Earmarked Gr...

To optimize the water distribution of three industries based on the water demand prediction under multiple uncertainties, a fuzzy credibility-constrained interval two-stage stochastic programming (FCITSP) model base on the Cobb-Douglas production (CD) function was developed. The CD-FCITSP model integrated fuzzy credibility-constrained programming (FCP), an interval two-stage stochastic programm...

This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of laborand capital-augmenting developments. Using the Clayton copula family to capture this dependence, we derive a “Clayton-Pareto” class of production functions that nests both the Cobb-Dougl...

This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of laborand capital-augmenting developments. Using the Clayton copula family to capture this dependence, we derive a “Clayton-Pareto” class of production functions that nests both the Cobb-Dougl...

The agriculture sector is highly exposed to climate change and, consequently, to its risks. The climate risk is capable of altering other risks such as asset depletion (damage and loss to assets as a result of extreme climate events), price risks (risk of falling or rising prices) and financial risk (from possible increase of interest rates). Based on the assumption that climate changes indirec...