We consider a productive network formed by agents with heterogeneous privately-known productivity types. Under convex cost of link formation, bilateral links create endogenous externalities. We calculate the "rearrangement cost" imposed on the entire network by each subset of other agents an...

This paper questions the dynamic stability of supplier-buyer networks. We investigate a simple rewiring process, by which firms change suppliers if it increases profit, within an otherwise classical production network model with market clearing, profit-maximization, and complete information. We...

In almost all the industrial sectors in Italy, small and medium-sized enterprises (SMEs) are well developed. Indigenous SMEs that have been rooted in the region for a long time make up the power and backbone of Italy’s regional industries. In particular, micro enterprises with fewer than 10...

We develop a unified stochastic frontier model which controls for the local spatial correlation and the global factor dependence as well as parameter heterogeneity, simultaneously. We then propose the regional productivity network analysis to examine the diffusion impacts of the capital...

While considerable scholarly attention has been paid to firm performance and prosperity, the performance implications of network and entrepreneurial orientations of startups in emerging economies are admittedly under-explained. Based on the resource-based view (RBV) and strategic fit theory,...

This study aims to examine the impact of influential factors on the global trade network through long-term and short-term network analysis based on time slices. The long-term analysis examines the overall network characteristics, key players, and the most impactful events. In particular, the...

Startups play a crucial role in introducing radical innovations and need to maintain a high level of product innovativeness (PI) to consolidate their business models and remain competitive. However, startups often face challenges and limitations that hinder their PI efforts and require external...

Based on the input-output table and the supplier-customer data disclosed by the listed companies in China, this paper builds China's production network on both industry level and firm level. We describe the characteristics of such network using various network indexes and obtain the following...