Bischi, G.-I.; Dawid, H.; Kopel, M. - In: Journal of Economic Dynamics and Control 27 (2003) 11, pp. 2171-2193
This paper studies the evolution of two clusters of firms competing on a common market. Firms exit and enter a cluster based on the perceived chances for profits inside and outside the cluster. Information about profits are diffused by direct communication between firms. Internal and external...
