Herd behaviour and the emergence of clusters

Figures & data

Figure 1. Overall conceptual model.

Figure 2. Three-phase decision model.

Figure 3. Initial situation of the companies and environment.

Figure 4. Concentration (Ellison and Glaeser’s $\gamma$) resulting from increasing the amount of agglomeration in the model.

Figure 5. Cell occupation by rank for the three scenarios.

Table 1. Seven scenarios.

Kolom1	Mean	SD	IQR	Minimum	Maximum	Segregation
Base	0.03	0.01	0.01	0.01	0.07	0.34
h1	0.05	0.02	0.02	0.02	0.09	0.35
Agglomeration 5–15%	0.05	0.02	0.02	0.02	0.12	0.35
h2	0.09	0.03	0.04	0.04	0.19	0.39
Agglomeration 17–23%	0.09	0.03	0.04	0.04	0.18	0.38
h3	0.23	0.07	0.08	0.08	0.46	0.48
Agglomeration 27–31%	0.24	0.10	0.13	0.11	0.51	0.44

IQR = interquartile range.

Figure 6. Agglomeration and herding combined (outliers removed).