We investigate the interplay between technological change and macro-economic dynamics in an agent-based model of the formation of production networks. On the one hand, production networks form the structure that determines economic dynamics in the short run. On the other hand, their evolution...

In the wake of the COVID-19 pandemic, the Government of India imposed production restrictions on various sectors of the economy. Prima facia there is reason to believe that the cost of the quantity constraints may be greater than their simple sum. This is because quantity constraints percolate...