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An application of catastrophe theory to management science process

✍ Scribed by Graham, R

Book ID
123108477
Publisher
Elsevier Science
Year
1979
Tongue
English
Weight
433 KB
Volume
7
Category
Article
ISSN
0305-0483

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This paper examines the discontinuity conditions of equilibria in singular economies. A parameterized differential equation system is used to describe business cycles. It is shown that the qualitative behavior of the system is sensitive to particular parameters and cusp catastrophes may occur.