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Capital Games and Growth Equilibria

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  • Ben Abramowitz

Abstract

We introduce capital games, which generalize the definition of standard games to incorporate dynamics. In capital games, payoffs are in units of capital which are not assumed to be units of utility. The dynamics allow us to infer player utilities from their individual payoffs and linearizable capital dynamics under the assumption that players aim to maximize the time-average growth rate of their capital.

Suggested Citation

  • Ben Abramowitz, 2025. "Capital Games and Growth Equilibria," Papers 2510.00472, arXiv.org, revised Jan 2026.
    • Handle: RePEc:arx:papers:2510.00472
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    File URL: http://arxiv.org/pdf/2510.00472
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