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the hierarchy on the variance decomposition and the clustering effects have not been well documented. This paper discusses … how omitting one level in three-level models affects the variance decomposition and clustering in the resulting twolevel …
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design of the algorithm is inspired in previous clustering algorithms but adding some features to adapt the algorithm to the …
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We contrast two potential explanations of the substantial di¤erences in entrepreneurial activity observed across geographical areas: entry costs and external effects. We extend the Lucas model of entrepreneurship to allow for heterogeneous entry costs and for externalities that shift the...
Persistent link: https://www.econbiz.de/10005816397
The paper combines economic and sociological perspectives on organizations in order to gain a better understanding of the forces shaping the structures of industrial districts (IDs) and the organizations of which they are constituted. To effect the combination , the resource based view (RBV) and...
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, options with strikes ending on 50 are less traded than options with strikes ending on 00. Clustering is higher when options … clustering, grid size, and the options' characteristics. To our knowledge this paper is the first to explore how the grid size of …
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This Paper uses NUTS3 sub-regional data for Great Britain to analyse the determinants of spatial variations in income and productivity. We decompose the spatial variation of earnings into a productivity effect and an occupational composition effect. For the former (but not the latter) we find a...
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