Simultaneous failure of just two low-risk firms can cause up to 257 times the systemic damage of their separate failures, driven by the breakdown of supplier substitution.
Dynamically induced cascading failures in power grids.Nature Communications, 9(1):1975, May 2018
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Catastrophic disruption cascades driven by the nonlinearity of systemic risk
Simultaneous failure of just two low-risk firms can cause up to 257 times the systemic damage of their separate failures, driven by the breakdown of supplier substitution.