Review paper
A Theory of Input-Output Architecture
Abstract
Individual producers exhibit enormous heterogeneity in many dimensions. This paper develops a theory in which the network structure of production—who buys inputs from whom—forms endogenously. Entrepreneurs produce using labor and exactly one intermediate input; the key decision is which other entrepreneur's good to use as an input. Their choices collectively determine the economy's equilibrium input–output structure, generating large differences...
Paper Details
Title
A Theory of Input-Output Architecture
Published Date
Jan 1, 2018
Journal
Volume
86
Issue
2
Pages
559 - 589
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