Murthy, K V Bhanu - EconWPA - 2004
The paper argues that Cobb-Douglas (CD) production function merits use for analysing the production process, not … generalised form. Even in the face of imperfections in the market it does not introduce distortions of its own. Unconstrained CD …-function further increases its potentialities to handle different scales of production. Various econometric estimation problems, such …