Cainelli, Giulio; Montresor, Sandro; Marzetti, Giuseppe … - In: Journal of Evolutionary Economics 22 (2012) 4, pp. 711-734
The paper analyzes how (production and financial) inter-firm networks can affect firms’ default probabilities and observed default rates. A simple theoretical model of shock transfer is built to investigate some stylized facts on how firm-idiosyncratic shocks are allocated in the network, and...