Exploiting the heterogeneity in legal constraints on local bank employees' mobility, I show that access to local … information influences banks' modes of expansion. Banks entering a new market typically establish new branches directly when …

control algorithms are designed via local information exchange among robots. Extensive experiments using Quanser's QBot2 …

Purpose – This paper aims to show that there has been a rise in the development of local information systems in recent …. Originality/value – The study identifies how the MKi Observatory local information system may better facilitate the exchange of …, so that the value of this study and its findings can be used by other local information systems, or those considering the …

evolutionary game with local information. Three factors determine the imitation dynamics of the model: the location and the type of …

regions. These regions are – as predicted by the local information hypothesis – centers of political and financial decision … making. It is revealing that orders from other regions only show a very short-lived but no permanent price impact. Local … information is so important that it carries over from the usually considered market orders to aggressively-priced limit orders too …