2016•Water Resources ManagementOpen access

On the Inapplicability of the Cobb-Douglas Production Function for Estimating the Benefit of Water Use and the Value of Water Resources

Shaofeng Jia, Qiubo Long, Raymond Yu Wang, Jiabao Yan, Deyong Kang

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Key concepts: Cobb–Douglas production function, Output elasticity, Production (economics), CobB, Production function, Natural resource economics, Economics, Water resources