This paper characterizes a supply function equilibrium in an auction market constrained by limited capacities of links in a transportation network and limited input/output capacities of participants.
For decades, the various components of the supply chain have ebbed and flowed as new technologies and innovations have come into play. No matter what the supply chain looks like, its goal is simple: ...
The author establishes a property of supply for a competitive firm: Assuming differentiability of the production frontier, linearly independent price vectors have disjoint image sets under the supply ...