Babutsidze, Zakaria; Cowan, Robin - United Nations University-Maastricht Economic Research … - 2008
This paper is concerned with clustering in demand. We present a discrete choice model of consumption that incorporates … for the general case numerically. It is shown that clustering in demand is a solution to the complex system we are … analyzing, and that clustering pattern can be short-term or long-lasting depending on the characteristics of the society. …