Dasgupta, Indraneel - In: Economic Theory 26 (2005) 1, pp. 167-175
postulate for firm choice, which is weaker than profit-maximization. This consistency postulate is nevertheless both necessary … and sufficient for supply responses predicted by the standard theory of firm choice based on the postulate of profit-maximization … that can be rationalized in terms of profit maximization. Copyright Springer-Verlag Berlin/Heidelberg 2005 …