stock is held fixed, the aggregate supply function or price is TC plus Profit=TR. Letting P= profit, wN equaling TVC, and pO … continue to use his own original, simultaneous, four equation, IS-LM model because he could not satisfactorily integrate price … and profit expectations into the IS portion of the model. Keynes's model of an Aggregate Demand Function, D, and an …

substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank’s own implicit input price … when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit …