X-Nico

unusual facts about Charles Cobb



Cobb Stadium

It is named after former UM Chairman of the Board, Charles Cobb.

Cobb–Douglas production function

The Cobb-Douglas form was developed and tested against statistical evidence by Charles Cobb and Paul Douglas during 1927–1947.

Paul Douglas explained that his first formulation of the Cobb–Douglas production function was developed in 1927; when seeking a functional form to relate estimates he had calculated for workers and capital, he spoke with mathematician and colleague Charles Cobb, who suggested a function of the form Y = AL^{\beta}K^{1- \beta}, previously used by Knut Wicksell.


see also