Aggregate fluctuations from independent sectoral shocks: self-organized criticality in a model of production and inventory dynamics

DOI10.1016/0035-5054(93)90023-VzbMath0808.90032OpenAlexW3125788250WikidataQ104894275 ScholiaQ104894275MaRDI QIDQ4306536

Kan Chen, Per Bak, Michael Woodford, José Alexandre Scheinkman

Publication date: 19 September 1994

Published in: Ricerche Economiche (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0035-5054(93)90023-v

zbMATH Keywords

stable lawsself-organizationlocal interactioncritical statesectoral shockssmall independent shocks

Mathematics Subject Classification ID

Economic growth models (91B62)

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