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A Simple Characterization of Supply Correspondences

Author

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  • Alexey Kushnir

    (Tepper School of Business, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213)

  • Vinod Krishnamoorthy

    (Carnegie Mellon University, Pittsburgh, Pennsylvania 15213)

Abstract

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

Suggested Citation

  • Alexey Kushnir & Vinod Krishnamoorthy, 2024. "A Simple Characterization of Supply Correspondences," Mathematics of Operations Research, INFORMS, vol. 49(2), pages 826-831, May.
    • Handle: RePEc:inm:ormoor:v:49:y:2024:i:2:p:826-831
    DOI: 10.1287/moor.2023.1379
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    References listed on IDEAS

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    2. Carbajal, Juan Carlos & Müller, Rudolf, 2015. "Implementability under monotonic transformations in differences," Journal of Economic Theory, Elsevier, vol. 160(C), pages 114-131.
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