{"id":"https://openalex.org/W2051116397","doi":"https://doi.org/10.3386/w4241","title":"Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics","display_name":"Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics","publication_year":1992,"publication_date":"1992-12-01","ids":{"openalex":"https://openalex.org/W2051116397","doi":"https://doi.org/10.3386/w4241","mag":"2051116397"},"language":"en","primary_location":{"id":"doi:10.3386/w4241","doi":"https://doi.org/10.3386/w4241","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w4241","pdf_url":"https://doi.org/10.3386/w4241","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.3386/w4241","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Peter Bak","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Peter Bak","raw_affiliation_strings":["National Bureau of Economic Research (NBER)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100636628","display_name":"Kan Chen","orcid":"https://orcid.org/0000-0002-1760-0876","observed_orcids":["https://orcid.org/0000-0002-1760-0876"]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Kan Chen","raw_affiliation_strings":["National Bureau of Economic Research (NBER)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5110738909","display_name":"Jose Alexandre Scheinkman","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I20089843","display_name":"Princeton University","ror":"https://ror.org/00hx57361","country_code":"US","type":"education","lineage":["https://openalex.org/I20089843"]},{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jose Scheinkman","raw_affiliation_strings":["National Bureau of Economic Research (NBER)","Princeton University - Department of Economics","Columbia University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Princeton University - Department of Economics","institution_ids":["https://openalex.org/I20089843"]},{"raw_affiliation_string":"Columbia University","institution_ids":["https://openalex.org/I78577930"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072791098","display_name":"Michael Woodford","orcid":"https://orcid.org/0000-0001-5485-5280","observed_orcids":["https://orcid.org/0000-0001-5485-5280"]},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Michael Woodford","raw_affiliation_strings":["Columbia Business School - Economics Department"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Columbia Business School - Economics Department","institution_ids":["https://openalex.org/I78577930"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":62,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9794999957084656,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9794999957084656,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.009499999694526196,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.004399999976158142,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/aggregate-fluctuations","display_name":"aggregate fluctuations","score":0.9580000042915344},{"id":"https://openalex.org/keywords/sectoral-shocks","display_name":"sectoral shocks","score":0.9269999861717224},{"id":"https://openalex.org/keywords/self-organized-criticality","display_name":"self-organized criticality","score":0.9779999852180481},{"id":"https://openalex.org/keywords/production-dynamics","display_name":"production dynamics","score":0.6980000138282776},{"id":"https://openalex.org/keywords/inventory-dynamics","display_name":"inventory dynamics","score":0.9990000128746033},{"id":"https://openalex.org/keywords/non-convex-technologies","display_name":"non-convex technologies","score":0.9089999794960022},{"id":"https://openalex.org/keywords/local-interactions","display_name":"local interactions","score":0.6119999885559082},{"id":"https://openalex.org/keywords/supplier-relationships","display_name":"supplier relationships","score":0.8610000014305115}],"concepts":[{"id":"https://openalex.org/C103200210","wikidata":"https://www.wikidata.org/wiki/Q1326714","display_name":"Self-organized criticality","level":3,"score":0.8684780597686768},{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.7648996710777283},{"id":"https://openalex.org/C125611927","wikidata":"https://www.wikidata.org/wiki/Q17008131","display_name":"Criticality","level":2,"score":0.6764669418334961},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.5855543613433838},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5788846015930176},{"id":"https://openalex.org/C145912823","wikidata":"https://www.wikidata.org/wiki/Q113558","display_name":"Dynamics (music)","level":2,"score":0.481119304895401},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3707643151283264},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.15023213624954224},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.1421952247619629},{"id":"https://openalex.org/C185544564","wikidata":"https://www.wikidata.org/wiki/Q81197","display_name":"Nuclear physics","level":1,"score":0.06639918684959412},{"id":"https://openalex.org/C24890656","wikidata":"https://www.wikidata.org/wiki/Q82811","display_name":"Acoustics","level":1,"score":0.0},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3386/w4241","doi":"https://doi.org/10.3386/w4241","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w4241","pdf_url":"https://doi.org/10.3386/w4241","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"}],"best_oa_location":{"id":"doi:10.3386/w4241","doi":"https://doi.org/10.3386/w4241","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w4241","pdf_url":"https://doi.org/10.3386/w4241","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":false},"content_urls":{"pdf":"https://content.openalex.org/works/W2051116397.pdf"},"referenced_works_count":24,"referenced_works":["https://openalex.org/W588703721","https://openalex.org/W1557758852","https://openalex.org/W1964541705","https://openalex.org/W1965254863","https://openalex.org/W1984208049","https://openalex.org/W2008879046","https://openalex.org/W2017809445","https://openalex.org/W2030534402","https://openalex.org/W2035372739","https://openalex.org/W2052489773","https://openalex.org/W2059156212","https://openalex.org/W2065616337","https://openalex.org/W2067184061","https://openalex.org/W2076209196","https://openalex.org/W2088475415","https://openalex.org/W2102567944","https://openalex.org/W2111496070","https://openalex.org/W2124872409","https://openalex.org/W2129889116","https://openalex.org/W2146207816","https://openalex.org/W2891896338","https://openalex.org/W3003303647","https://openalex.org/W3122523419","https://openalex.org/W3125959253"],"related_works":["https://openalex.org/W2134005116","https://openalex.org/W7098400541","https://openalex.org/W2066968795","https://openalex.org/W7100141174","https://openalex.org/W3125986346","https://openalex.org/W2341062283","https://openalex.org/W2484668783","https://openalex.org/W224565619","https://openalex.org/W1880224463","https://openalex.org/W7098072933"],"abstract_inverted_index":{"This":[0],"paper":[1],"illustrates":[2],"how":[3],"fluctuations":[4],"in":[5,29,78],"aggregate":[6,31,76],"economic":[7],"activity":[8,77],"can":[9],"result":[10],"from":[11],"many":[12],"small,":[13],"independent":[14,24],"shocks":[15,25],"to":[16,27,33],"individual":[17],"sectors.":[18,88],"The":[19],"effects":[20],"of":[21,36,66,75,81,85],"the":[22,30,34,64,73,79],"small":[23],"fail":[26],"cancel":[28],"due":[32],"presence":[35],"two":[37],"non-standard":[38],"assumptions:":[39],"local":[40],"interaction":[41],"between":[42],"productive":[43],"units":[44],"(linked":[45],"by":[46],"supply":[47],"relationships),":[48],"and":[49],"non-convex":[50],"technology.":[51],"We":[52],"also":[53],"argue":[54],"that":[55],"neither":[56],"feature":[57],"on":[58],"its":[59],"own":[60],"would":[61],"suffice.":[62],"In":[63],"case":[65],"a":[67],"simple":[68],"model,":[69],"we":[70],"explicitly":[71],"calculate":[72],"distribution":[74],"limit":[80],"an":[82],"infinite":[83],"number":[84],"independently":[86],"disturbed":[87]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}