Koskela, Erkki; Poutvaara, Panu - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
of perfect substitutability between two types of labour inputs, i.e. between and L M ,
we would have 1=γ , but it is … concerning the equality of the labour
demand function and the labor supply function. In the case of Cobb-Douglas utility …