IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v56y2024i56p7575-7581.html
   My bibliography  Save this article

Utility foundation of a Cobb-Douglas demand function with more than two attributes, consumer surplus and social welfare computation

Author

Listed:
  • Régis Y. Chenavaz
  • Stanko Dimitrov

Abstract

The utility foundation of the Cobb-Douglas demand function is known for the one and two attributes cases. It is unknown in the case of three or more attributes, a regular need for modellers. In this article, we contribute by founding from a programme of (quasi-linear) utility maximization a Cobb-Douglas demand function of an arbitrary large number of attributes. We also contribute by providing simple formulas for consumer surplus and social welfare. By generalizing previous results, our research offers a normative foundation to a larger class of demand functions.

Suggested Citation

  • Régis Y. Chenavaz & Stanko Dimitrov, 2024. "Utility foundation of a Cobb-Douglas demand function with more than two attributes, consumer surplus and social welfare computation," Applied Economics, Taylor & Francis Journals, vol. 56(56), pages 7575-7581, December.
    • Handle: RePEc:taf:applec:v:56:y:2024:i:56:p:7575-7581
    DOI: 10.1080/00036846.2023.2288040
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2023.2288040
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2023.2288040?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:56:y:2024:i:56:p:7575-7581. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.