Chang, Angela; Chaudhuri, Shubham; Jayaratne, Jith - Federal Reserve Bank of New York - 1997
Bank branches in New York City tend to be spatially clustered. For instance, of the 221 branches that were opened in New York City between July, 1990 and June, 1995, 181 (or 82 percent) were opened in census tracts that already had at least one other branch. A number of recent theoretical papers...
