
doi: 10.2139/ssrn.2546194
This paper explores dimensional analysis of production and utility functions in economics. As raised by Barnett, dimensional analysis is important in consistency checks of economics functions. However, unlike Barnett's dismissal of CES and Cobb-Douglas production functions, we will demonstrate that under constant return-to-scale and other assumptions, production function can indeed be justified dimensionally. And then we consider utility functions.
dimensional analysis; production function; utility function; consistency in economics, jel: jel:B41, jel: jel:E10, jel: jel:C02, jel: jel:C00, jel: jel:E13
dimensional analysis; production function; utility function; consistency in economics, jel: jel:B41, jel: jel:E10, jel: jel:C02, jel: jel:C00, jel: jel:E13
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