Cascades and Fluctuations in an Economy with an Endogenous Production Network.
This article studies the efficient allocation in an economy in which firms are connected through input–output linkages and must pay a fixed cost to produce. When economic conditions are poor, some firms might decide not to operate, thereby severing the links with their neighbours and changing the st...
| Publicado en: | Review of Economic Studies Vol. 93; no. 2; pp. 1354 - 1393 |
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| Formato: | Artículo |
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Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |