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Cobb-Douglas生产函数和效用函数下的均衡分析
[An Equilibrium Analysis under Cobb-Douglas Production and Utility Functions]

Author

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  • Li, Wu

Abstract

The equilibrium analyses under the classical growth framework mainly concern production processes so far and the utility-maximization of consumers is left out of consideration. On the basis of the thoughts of the equilibrium analyses under the classical growth framework, some numerical examples are presented to illustrate the method of the equilibrium analysis under Cobb-Douglas production and utility functions, and the method also applies to other production and utility functions.

Suggested Citation

  • Li, Wu, 2010. "Cobb-Douglas生产函数和效用函数下的均衡分析 [An Equilibrium Analysis under Cobb-Douglas Production and Utility Functions]," MPRA Paper 23070, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:23070
    as

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    References listed on IDEAS

    as
    1. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
    2. Heinz Kurz & Neri Salvadori, 2000. "'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 153-179.
    3. Heinz Kurz & Neri Salvadori, 2001. "Sraffa and von Neumann," Review of Political Economy, Taylor & Francis Journals, vol. 13(2), pages 161-180.
    4. Jin Shui Zhang, 2008. "A Multi-sector Nonlinear Dynamic Input-Output Model with Human Capital," Economic Systems Research, Taylor & Francis Journals, vol. 20(2), pages 223-237.
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    More about this item

    Keywords

    Equilibrium; Balanced Growth; Input Coefficient Matrix; Sraffian System; von Neumann Growth Model; Utility Function;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

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