clustering effects. Such clustering of firms in foreign markets has been documented in the empirical literature on foreign direct …

proximity based on almost 600,000 individual transactions. The findings indicate that significant clustering occurs in time and … across industries, while the results on geographic clustering are mixed. This supports the view that merger waves are mostly …

) a Zidane clustering theorem is derived. It is argued that the best midfielder is most efficiently allocated when … would occur on the players market. Obviously, such a clustering effect negatively affects the competitive balance. It is … shown that the clustering effect must be compensated by decreasing marginal revenue for sporting success in order to restore …

The potential benefits of the geographical clustering of economic activity have been well documented in the literature … markets. Using data on the population of all firms in Cambodia we investigate the pattern of firm clustering and explore the … and investigate the types of firms that benefit or suffer as a result of geographical clustering. We find strong negative …