A Simple Characterization of Supply Correspondences

Alexey Kushnir () and Vinod Krishnamoorthy ()
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Alexey Kushnir: Tepper School of Business, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213
Vinod Krishnamoorthy: Carnegie Mellon University, Pittsburgh, Pennsylvania 15213

Mathematics of Operations Research, 2024, vol. 49, issue 2, 826-831

Abstract: We prove that supply correspondences are characterized by two properties: the law of supply and being homogeneous of degree zero.

Keywords: 91B03; 91B24; 91B38; supply correspondence; supply function; rationalizability; the law of supply; monotonicity; cyclic monotonicity; homogeneous of degree zero (search for similar items in EconPapers)
Date: 2024
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