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- Cascading failures in production networks refer to a process where a failure in part of the system leads to further failures in the same and other systems which then continue to propagate. This can eventually lead to the entire system becoming dysfunctional and catastrophically collapsing1. The extensive margin of firm entry and exit can greatly amplify idiosyncratic shocks in an economy with a production network23.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.One of the most dramatic processes that spread on complex networks is the cascade of failures when a failure in part of the system leads to further failures in the same and other systems which then continue to propagate. Eventually, the entire system could become dysfunctional and catastrophically collapse.academic.oup.com/comnet/article/8/2/cnaa013/584…
Cascading Failures in Production Networks
- Author Listed: David Baqaee (London School of Economics and Political Science) Registered: David Rezza Baqaee
ideas.repec.org/p/red/sed016/402.htmlCascading Failures in Production Networks
- Author Listed: Baqaee, David Rezza Registered: David Rezza Baqaee
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