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.
β¦ LIBER β¦
Application of ordered standard bases to catastrophe theory
β Scribed by R.G. Cowell
- Publisher
- Elsevier Science
- Year
- 1992
- Tongue
- English
- Weight
- 770 KB
- Volume
- 13
- Category
- Article
- ISSN
- 0747-7171
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