On the emergence of scale-free production networks
Article dans une revue: We propose a simple dynamical model for the formation of production networks among monopolistically competitive firms. The model subsumes the standard general equilibrium approach à la Arrow–Debreu but displays a wide set of potential dynamic behaviors. It robustly reproduces key stylized facts of firms׳ demographics. Our main result is that competition between intermediate good producers generically leads to the emergence of scale-free production networks.
Auteur(s)
Stanislao Gualdi, Antoine Mandel
Revue
- Journal of Economic Dynamics and Control
Date de publication
- 2016
Mots-clés JEL
Mots-clés
- General equilibrium
- Production network
- Monopolistic competition
- Distribution of firms׳ size
- Firms demographics
- Scale-free networks
Pages
- 61-77
URL de la notice HAL
Version
- 1
Volume
- 73