14.452 Macroeconomic Theory II, Spring 2002

 

 

 

 

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Production Cobb-Douglas

% Cobb-Douglas production function
% Y=F(K,N)=A*K^{alpha}*N^{1-alpha}
% In per capita form y=A*k^{alpha}
% Need to get the capital share parameter and scale prameter from main.m


function y=cobb(k)
global A alpha
if alpha>0 & alpha<1
y=A*k.^alpha;
else
y=-inf*abs(k);
disp('invalid capital share')
end

 


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