Composites of carbon black particles in polyethylene exhibit an unusually r
apid increase in resistivity as the applied electric field is increased, ma
king this material commercially useful as current-limiting thermistors, als
o known as automatically resettable fuses, in this application the composit
e is in series with the circuit it is protecting: at low applied voltages t
he circuit is the load, but at high applied voltages the composite becomes
the load. limiting the current to the circuit. We present a simple model of
this behavior in terms of a network of nonlinear resistors. Each resistor
has a resistance that depends explicitly and reversibly on its instantaneou
s power dissipation. This model predicts that in the soft fusing, or curren
t-limiting, regime, where the current through the composite decreases with
increasing voltage, a platelike dissipation instability develops normal to
the applied held, in agreement with experimental observations, which is sol
ely due to fluctuations in the microstructure.