From production networks to geographical economics

Although standard economics textbooks are seldom interested in production networks, modern economies are more and more based upon supplier/customer interactions. One can consider entire sectors of the economy as generalised supply chains. We will take this view in the present paper and study under w...

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Veröffentlicht in:Journal of economic behavior & organization 2007-11, Vol.64 (3), p.448-469
Hauptverfasser: Weisbuch, Gérard, Battiston, Stefano
Format: Artikel
Sprache:eng
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Zusammenfassung:Although standard economics textbooks are seldom interested in production networks, modern economies are more and more based upon supplier/customer interactions. One can consider entire sectors of the economy as generalised supply chains. We will take this view in the present paper and study under which conditions local failures to produce or simply to deliver can result in avalanches of shortage and bankruptcies and in localisation of the economic activity. We will show that a large class of models exhibit scale free distributions of production and wealth among firms and that regions of high production are localised.
ISSN:0167-2681
1879-1751
0167-2681
DOI:10.1016/j.jebo.2006.06.018