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 …

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 …

path equilibrium. The derivation first builds consumption demand, aggregate demand, and then aggregate supply through the … consumer's time endowment, this captures a change in the "external margin" of labor supply. These comparative statics enable …