We utilize the analytical construct of a stochastic supply function to provide an aggregate representation of a finite … collection of standard deterministic supply functions. We introduce a consistency postulate for a stochastic supply function that … may be satisfied even if no underlying deterministic supply function is rationalizable in terms of profit maximization …

rate. The supply of high-skilled workers more than doubled during this period, contributing significantly to the slowdown …

We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported …

rate. The supply of high-skilled workers more than doubled during this period, contributing significantly to the slowdown …

worked that have been observed, suggesting that while the labor supply function was hypothesized to have shifted to the right …

Many countries face a continuing shortage in nurses' labour supply. Previous research suggests that nurses respond only … weakly to changes in wages. We estimate a multi-sector model of nursing qualification holders' labour supply in different … increased working hours for those who already work in the profession. We find that the negative labour supply elasticities with …