OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
I provide a new behavioral foundation for Cobb-Douglas preferences drawing on the psychophysical regularity known as Weber’s law. In particular, I show that, under Weber’s law, Cobb-Douglas preferences are characterized by two novel and compelling axioms. Importantly, the preferences that I characterize are the standard (weak-ordered and strongly monotonic) Cobb-Douglas preferences widely used in consumer theory, thereby complementing prior literature that has instead obtained a semi-ordered and non-monotonic variant thereof.
