Nonparametric market supply with variable participants

B-Tier
Journal: Economic Theory
Year: 2022
Volume: 74
Issue: 3
Pages: 899-921

Authors (2)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract Research estimating market supply often focuses on parametric models. In this paper, we study a non-parametric approach to market supply. We characterize the necessary and sufficient conditions of profit maximization for aggregate market behavior when individual firm supply is unobservable and participants on the supply side vary. We also show how the result changes as additional properties are added such as constraints on net outputs, non-negative profits, and increasing production sets.

Technical Details

RePEc Handle
repec:spr:joecth:v:74:y:2022:i:3:d:10.1007_s00199-021-01382-5
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25