Universal Growth in Production Economies

Simina Branzei; Ruta Mehta; Noam Nisan

NeurIPS 2018poster18 citations

Universal Growth in Production Economies

Abstract

We study a simple variant of the von Neumann model of an expanding economy, in which multiple producers make goods according to their production function. The players trade their goods at the market and then use the bundles received as inputs for the production in the next round. The decision that players have to make is how to invest their money (i.e. bids) in each round.

BibTeX

@inproceedings{NEURIPS2018_692f93be,
 author = {Branzei, Simina and Mehta, Ruta and Nisan, Noam},
 booktitle = {Advances in Neural Information Processing Systems},
 editor = {S. Bengio and H. Wallach and H. Larochelle and K. Grauman and N. Cesa-Bianchi and R. Garnett},
 pages = {},
 publisher = {Curran Associates, Inc.},
 title = {Universal Growth in Production Economies},
 url = {https://proceedings.neurips.cc/paper_files/paper/2018/file/692f93be8c7a41525c0baf2076aecfb4-Paper.pdf},
 volume = {31},
 year = {2018}
}