-runequilibrium) behaviour of the resulting system and show that for a largerange of initial conditions clustering in economic behaviour emerges …

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. …

and show analytically that for a large range of initial conditions clustering in economic behaviour emerges and persists …

clustering in economic behavior emerges and persists indefinitely. Unlike many models in the literature, our model allows for the …

and show analytically that for a large range of initial conditions clustering in economic behaviour emerges and persists …

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. …