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Constantin Chilarescu and Nicolas Vaneecloo
''A Stochastic Approach to the Cobb-Douglas Production Function''
( 2007, Vol. 3 No.9 )
This paper presents a stochastic approach to the theory of aggregateproduction function, based on the theory of stochastic differentialequations. The main result is that under certain restrictions the productionfunction converges from below to the Cobb-Douglas functionproviding further support for the conclusion drawn by Jones (2005).
Keywords: Partial differential equations
JEL: C2 - Single Equation Models; Single Variables: General
D2 - Production and Organizations: General
Manuscript Received : Nov 27 2006 Manuscript Accepted : Mar 12 2007

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