NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Cascades in Networks and Aggregate Volatility

Daron Acemoglu, Asuman Ozdaglar, Alireza Tahbaz-Salehi

NBER Working Paper No. 16516
Issued in November 2010

---- Acknowledgements -----

We thank Stefana Stantcheva for excellent research assistance, and Vasco Carvalho, Xavier Gabaix, Alp Simsek, Jean Tirole and seminar participants at Microsoft Research New England, Toulouse Network on Information Technology, and The International School and Conference on Network Science for helpful discussions and comments. We thank Bill Kerr and Kaushik Ghosh for initial help with the NBER productivity database. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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