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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. …
Persistent link: https://www.econbiz.de/10010712040
and show analytically that for a large range of initial conditions clustering in economic behaviour emerges and persists …
Persistent link: https://www.econbiz.de/10010712298
Technologies (ICTs) in micro and small enterprises (MSEs) clustered in Kenya and Ghana; and to explore the effect of clustering on …
Persistent link: https://www.econbiz.de/10010712401