A theorem on homogeneous functions and extended Cobb-Douglas forms.
A form for homogeneous functions is presented which shows them to be a very simple extension of the wellknown Cobb-Douglas functions with similar properties in production (and distribution) economics. This form thus suggests new possibilities for interpreting a wide variety of empirical and theoretical results in economics; it also provides contact with developments in other fields, such as information theory and geometric programming.
Center for Cybernetic Studies, The University of Texas, Austin, Texas 78712.
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Charnes
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Cooper
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Schinnar