| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27565 |
| 来源ID | Working Paper 27565 |
| Firms, Failures, and Fluctuations: The Macroeconomics of Supply Chain Disruptions | |
| Daron Acemoglu; Alireza Tahbaz-Salehi | |
| 发表日期 | 2020-07-20 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper studies how firm failures and the resulting disruptions to supply chains can amplify negative shocks. We develop a non-competitive model where customized supplier-customer relations increase productivity, and the relationship-specific surplus generated between firms and their suppliers is divided via bargaining. Changes in productivity alter the distribution of surplus throughout the economy and determine which firms are at the margin of failure. A firm’s failure may spread to its suppliers and customers and to firms in other parts of the production network. We provide existence, uniqueness, and a series of comparative statics results, and show how the response of the equilibrium production network may propagate recessionary shocks. |
| 主题 | Microeconomics ; General Equilibrium ; Macroeconomics ; Consumption and Investment ; Business Cycles |
| URL | https://www.nber.org/papers/w27565 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585238 |
| 推荐引用方式 GB/T 7714 | Daron Acemoglu,Alireza Tahbaz-Salehi. Firms, Failures, and Fluctuations: The Macroeconomics of Supply Chain Disruptions. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27565.pdf（725KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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