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What is Economic Resilience in Production Theory about?
This document summarizes an accepted manuscript that presents a production theory framework for analyzing the economic resilience of firms. The framework incorporates 11 core resilience tactics used by firms to respond to input shortages and price shocks caused by disasters. It classifies the tactics into four cases and derives optimality conditions for production using each tactic. The framework allows for measurement of resilience tactic effectiveness and costs, as well as analysis of tradeoffs between ta
- Author
- Lia Monica
- Language
- EN