2 papers
econ.GN2026
Not-so-Cleansing Recessions
Igli Bajo, Frederik H. Bennhoff, Alessandro Ferrari
Recessions are periods in which the least productive firms in the economy exit, and as the economy recovers, they are replaced by new and more productive entrants. These cleansing…
econ.GN2026
Specialization, Complexity & Resilience in Supply Chains
Alessandro Ferrari, Lorenzo Pesaresi
We study how product specialization choices affect supply chain resilience. We propose a theory of supply chain formation in which only compatible inputs can be used in final produ…