Dasgupta, Indraneel - Institute for the Study of Labor (IZA) - 2009
Classification: D21
Keywords: supply aggregation, stochastic supply function, stochastic consistency,
weak axiom of profit …, which we term stochastic consistency (SC), and discusses
its properties. We show that the aggregate SSF representation of …).
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3. Stochastic consistency
We now introduce our consistency restriction for an SSF. Let be an arbitrary net output …