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We develop a model where firms determine the price at which they sell their differentiable goods, the volume that they produce, and the inputs (types and amounts) that they purchase from other firms. A steady-state production network…

Multiagent Systems · Computer Science 2025-04-23 Tuong Manh Vu , Ernesto Carrella , Robert Axtell , Omar A. Guerrero

Social reinforcement and modular structure are two salient features observed in the spreading of behavior through social contacts. In order to investigate the interplay between these two features, we study the generalized epidemic process…

Physics and Society · Physics 2014-05-23 Kihong Chung , Yongjoo Baek , Daniel Kim , Meesoon Ha , Hawoong Jeong

Production in an economy is a set of firms' activities as suppliers and customers; a firm buys goods from other firms, puts value added and sells products to others in a giant network of production. Empirical study is lacking despite the…

Physics and Society · Physics 2010-11-19 Yoshi Fujiwara , Hideaki Aoyama

We study several models of growth driven by innovation and imitation by a continuum of firms, focusing on the interaction between the two. We first investigate a model on a technology ladder where innovation and imitation combine to…

Theoretical Economics · Economics 2020-08-27 Jess Benhabib , Éric Brunet , Mildred Hager

In network systems, a local perturbation can amplify as it propagates, potentially leading to a large-scale cascading failure. Here we derive a continuous model to advance our understanding of cascading failures in power-grid networks. The…

Physics and Society · Physics 2017-12-18 Yang Yang , Adilson E. Motter

Maximizing robustness and minimizing cost are common objectives in the design of infrastructure networks. However, most infrastructure networks evolve and operate in a highly decentralized fashion, which may significantly impact the…

Physics and Society · Physics 2008-05-29 Dong-Hee Kim , Adilson E. Motter

We use series expansions to study dynamics of equilibrium and non-equilibrium systems on networks. This analytical method enables us to include detailed non-universal effects of the network structure. We show that even low order…

Disordered Systems and Neural Networks · Physics 2009-11-11 M. B. Hastings

Input-Output analysis describes the dependence of production, demand and trade between sectors and regions and allows to understand the propagation of economic shocks through economic networks. A central challenge in practical applications…

Physics and Society · Physics 2020-04-21 Chengyuan Han , Johannes Többen , Wilhelm Kuckshinrichs , Malte Schröder , Dirk Witthaut

This paper investigates how economic shocks propagate and amplify through the input-output network connecting industrial sectors in developed economies. We study alternative models of diffusion on networks and we calibrate them using…

General Finance · Quantitative Finance 2014-04-02 Martha G. Alatriste Contreras , Giorgio Fagiolo

Population inhomogeneity, in the variation of the individual social contact networks and the individual infectious-recovery rates, renders the dynamics of infectious disease spreading uncertain. As a consequence the overlaying economical…

Physics and Society · Physics 2021-09-01 Jan B. Broekaert , Davide La Torre

The paper provides an empirical examination of how research productivity distributions differ across scientific fields and disciplines. Productivity is measured using the FSS indicator, which embeds both quantity and impact of output. The…

Digital Libraries · Computer Science 2018-10-31 Giovanni Abramo , Ciriaco Andrea D'Angelo , Anastasiia Soldatenkova

Production networks are integral to economic dynamics, yet dis-aggregated network data on inter-firm trade is rarely collected and often proprietary. Here we situate company-level production networks among networks from other domains…

This paper studies the economic role of persistent dispersion in allocations across agents. We develop a tractable model in which firms allocate resources under imperfect information and behavioral updating, generating sustained…

Theoretical Economics · Economics 2026-04-02 Nazaria Solferino

The observed architecture of ecological and socio-economic networks differs significantly from that of random networks. From a network science standpoint, non-random structural patterns observed in real networks call for an explanation of…

Physics and Society · Physics 2019-05-30 Manuel Sebastian Mariani , Zhuo-Ming Ren , Jordi Bascompte , Claudio Juan Tessone

In the context of epidemic spreading, many intricate dynamical patterns can emerge due to the cooperation of different types of pathogens or the interaction between the disease spread and other failure propagation mechanism. To unravel such…

Physics and Society · Physics 2024-05-07 Bo Li , David Saad

We introduce economic models based on Boolean Delay Equations: this formalism makes easier to take into account the complexity of the interactions between firms and is particularly appropriate for studying the propagation of an initial…

General Finance · Quantitative Finance 2016-05-06 B. Coluzzi , M. Ghil , S. Hallegatte , G. Weisbuch

Functional networks provide a topological description of activity patterns in the brain, as they stem from the propagation of neural activity on the underlying anatomical or structural network of synaptic connections. This latter is well…

Disordered Systems and Neural Networks · Physics 2021-02-11 Ali Safari , Paolo Moretti , Ibai Diez , Jesus M. Cortes , Miguel Ángel Muñoz

An important challenge in several disciplines is to understand how sudden changes can propagate among coupled systems. Examples include the synchronization of business cycles, population collapse in patchy ecosystems, markets shifting to a…

Physics and Society · Physics 2015-11-12 Charles D. Brummitt , George Barnett , Raissa M. D'Souza

The Hawkes process has garnered attention in recent years for its suitability to describe the behavior of online information cascades. Here, we present a fully tractable approach to analytically describe the distribution of the number of…

Physics and Society · Physics 2020-07-22 Joseph D. O'Brien , Alberto Aleta , Yamir Moreno , James P. Gleeson

In economic systems, the mix of products that countries make or export has been shown to be a strong leading indicator of economic growth. Hence, methods to characterize and predict the structure of the network connecting countries to the…

Physics and Society · Physics 2015-06-04 Sebastian Bustos , Charles Gomez , Ricardo Hausmann , Cesar A. Hidalgo