A consistent approach to variable bubble
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Ismael Herrera; Rodolfo G. Camacho
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Article
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1997
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John Wiley and Sons
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English
β 194 KB
π 2 views
Here, it is shown that the ''traditional approach'' to variable bubble-point problems, using black-oil models, is not consistent, because it violates the ''bubble-point conservation law.'' In order to have a consistent approach, it is necessary to incorporate shocks-discussed in previous papers-in w