differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply …In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a … degree of substitution, then the supply function competition can always be Pareto superior to the quantity competition in …

We model the production of complex goods in a large supply network. Each firmsources several essential inputs through … idiosyncraticdisruptions. However, there is a regime in which equilibrium supply networks are fragile, withsmall aggregate shocks to … relationships causing arbitrarily steep drops in output. The endogenousconfiguration of supply networks provides a new channel for …

. Moreover, when uncertainty or risk is taught, the Markowitz portfolio theory must be referred to for association. This study … supply issues, including several from accounting to management and production to economic development, can all be logically …

is pervasive in the empirical results. In this work I revisit, in face of model uncertainty, the role of (i) oil supply … model as given, and ignoring the problem of estimating overly optimistic confidence sets. This means that model uncertainty …

This appendix to the paper Elliott, Golub, and Leduc (2022): “Supply Network Formation and Fragility” gives proofs …