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| Author(s) | Ilca, Maria, Popa, Dorian |
|---|
On approximate Cobb-Douglas production functions
We introduce a new type of production function, called approximate Cobb-Douglas function, by a perturbation of Euler’s partial partial differential equation characterizing homogeneous function. We show that for every approximate Cobb-Douglas function, there exist an exact Cobb-Douglas function near it.
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