World markets are highly interlinked and local economies extensively rely on global supply and value chains. Consequently, local production disruptions, for instance caused by extreme weather events, are likely to induce indirect losses along supply chains with potentially global repercussions....

Agent-based economics has emerged to complement analytical and empiricalmethods by allowing for more complex heterogeneity in models. Extending theagent-based global trade model Acclimate with five consumer groups, we studyheterogeneity of market emerging consumption price elasticity in response...

Shipping accidents and environmental disasters pose a challenge to the reliability of maritime supply chains. With international trade intensifying without a significant diversification of the supply routes the risk of perturbations is likely to increase, because higher atmospheric carbon...

Shipping accidents and environmental disasters pose a challenge to the reliability of maritime supply chains. With international trade intensifying without a significant diversification of the supply routes the risk of perturbations is likely to increase, because higher atmospheric carbon...