Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2016 - This version: February 15, 2016
efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions ….6%. Our study further reveals that when ignoring the network structure the impact of firm exit or mergers is significantly …
