Why market imperatives invigorate economic inequality? Cobb-Douglas utility remodelled
The aim of the article is to demonstrate on a familiar example of Cobb-Douglas utility function principles of intertemporal resource allocation under general market conditions. The enormous increase of data availability and progress in data analysis in recent decades caused that empirica...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2019-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2019/1452-595X1800031M.pdf |