Title: Comment on Weber: Did Pareto Have a Cobb–Douglas Utility Function?
Abstract: In Christian Weber's opinion in the preceding article in this journal, although Vilfredo Pareto never wrote his utility function in the Cobb-Douglas form U = r β b r γ c , he did present an early, if incomplete, discussion of a Cobb-Douglas utility function. Weber's sections II and III try to document his opinion. Weber's section II examines Pareto's “Considerazioni” (1892) on the assumption that the marginal utility π i , of good i depends only on the level r i , of consumption of that good. Section III examines Pareto's Manual (1909) on the assumption of “additive separable” utility functions.
Publication Year: 1998
Publication Date: 1998-06-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 2
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