کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5099908 | 1377052 | 2007 | 24 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Credit chains and bankruptcy propagation in production networks
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
We present a simple model of a production network in which firms are linked by supplier-customer relationships involving extension of trade-credit. Our aim is to identify the minimal set of mechanisms which reproduce qualitatively the main stylized facts of industrial demography, such as firms' size distribution, and, at the same time, the correlation, over time and across firms, of output, growth and bankruptcies. The behavior of aggregate variables can be traced back to the direct firm-firm interdependence. In this paper, we assume that the number of firms is constant and the network has a periodic static structure. But the framework allows further extensions to investigate which network structures are more robust against domino effects and, if the network is let to evolve in time, which structures emerge spontaneously, depending on the individual strategies for orders and delivery.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 6, June 2007, Pages 2061-2084
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 6, June 2007, Pages 2061-2084
نویسندگان
Stefano Battiston, Domenico Delli Gatti, Mauro Gallegati, Bruce Greenwald, Joseph E. Stiglitz,