OxTalks will soon be transitioning to Oxford Events (full details are available on the Staff Gateway). A two-week publishing freeze is expected in early Hilary to allow all events to be migrated to the new platform. During this period, you will not be able to submit or edit events on OxTalks. The exact freeze dates will be confirmed as soon as possible.
If you have any questions, 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.
