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econ.TH2026
Shock Propagation and Macroeconomic Fluctuations
Antoine Mandel, Vipin P. Veetil
We study how idiosyncratic firm-level shocks generate aggregate volatility and tail risk when they propagate through a production network under overlapping adjustment: new producti…
econ.TH2024
Strategic formation of production networks
Antoine Mandel, Van-Quy Nguyen, Bach Dong-Xuan
We provide a strategic model of the formation of production networks that subsumes the standard general equilibrium approach. The objective of firms in our setting is to choose the…