Calculation of the Production Function through Entropy: A Model from Econophysics

Calculation of the Production Function through Entropy: A Model from Econophysics

From an economic perspective, the problems associated with production require a model for its estimation. These estimations are typically made using the Cobb-Douglas production function, which is derived from least-squares adjustment. However, several authors have proposed alternative methods for ca...

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Bibliographic Details
Main Authors: Isabel Cristina Betancur, Efraín Arango-Sánchez, Álvaro Hernán Bedoya-Calle, Francisco J. Caro- Lopera, Éver Alberto Velásquez Sierra
Format: Article
Language:English
Published: Universidad de Antioquia 2025-05-01
Series:Lecturas de Economía
Subjects:
econophysics;
economic entropy
cobb-douglas function
production
microeconomics
Online Access:https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/356738
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