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A Theory of Supply Function Choice and Aggregate Supply

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NBER2025-04-01 更新2025-04-26 收录
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https://www.nber.org/papers/w33711
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Modern theories of aggregate supply are built on the foundation that firms set prices and commit to producing whatever the market demands. We remove this strategic restriction and allow firms to choose supply functions, mappings that describe the prices charged at each quantity of production.
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2025-04-01
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