Dasgupta, Indraneel - Institute for the Study of Labor (IZA) - 2009
supply function (DSF), satisfy the Weak Axiom of Profit
Maximization (WAPM). WAPM implies Supply Inequality (SI), which in … competitive firm behavior.
Definition 2.4. A DSF, S, satisfies the Weak Axiom of Profit Maximization (WAPM) iff,
for every … Classification: D21
Keywords: supply aggregation, stochastic supply function, stochastic consistency,
weak axiom of profit …