How to pronounce“cobb douglas”in English

So we're going to assume the Cobb Douglas technology rental rate on capital to the power of the one, minus the labor share.

It's a property of a Cobb Douglas technology.

And if you imagine that they combine domestic and foreign inputs in a Cobb Douglas sort of way with an output, or Cobb Douglas output elasticity beta.

And if you do so, under the assumption of Cobb Douglas preferences over those traded and non-traded goods, you can see you get a price index of the kind that I'm circling here on the slide.

But again, in the Caliento para model, which assumes like a Cobb Douglas input output structure, we get exactly the same representation.

So the rental rate times the capital stock, which, which of the Cobb Douglas technology is just a multiple of payments to labor.