Search Results - subject:"Weak Axiom of Profit Maximization"

Efficiency in Turkish banking : post-restructuring evidence

Davutyan, Nurhan; Yildirim, Canan - In: The European journal of finance 23 (2017) 1/3, pp. 170-191

Persistent link: https://www.econbiz.de/10011736240

Dasgupta, Indraneel - 2009

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...

Persistent link: https://www.econbiz.de/10010269089

Supply Theory sans Profit-Maximization

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 …

Persistent link: https://www.econbiz.de/10005103277

Supply Theory sans Profit Maximization

Dasgupta, Indraneel - In: Contributions to Theoretical Economics 9 (2009) 1, pp. 1571-1571

Persistent link: https://www.econbiz.de/10005046394

Shadow profit maximization and a measure of overall inefficiency

Ray, Subhash - In: Journal of Productivity Analysis 27 (2007) 3, pp. 231-236

firm’s shadow profit is maximized. This approach amounts to an application of the Weak Axiom of Profit Maximization (WAPM …

Persistent link: https://www.econbiz.de/10005711778

Consistent firm choice and the theory of supply

Dasgupta, Indraneel - In: Economic Theory 26 (2005) 1, pp. 167-175

This paper analyzes the problem of deriving predictions, regarding supply behavior of a competitive firm, from prior consistency postulates about input-output choices made by such a firm. It extends the literature by introducing a consistency postulate for firm choice, which is weaker than...

Persistent link: https://www.econbiz.de/10005370667