The conventional functional form of the Constant-Elasticity-of-Substitution (CES) production function is a general … production function nesting a number of other forms of production functions. Examples of such functions include Leontief, Cobb …–Douglas, and linear production functions. Nevertheless, the conventional form of the CES production specification is still …

We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output … production function for housing is reasonably well, though not perfectly, approximated by a Cobb-Douglas function and close to … estimation concerns, we estimate an elasticity of housing production with respect to non-land inputs of about 0.80. …