THE CUSP CATASTROPHE IN THE URBAN RETAIL MODEL

J. F. Kaashoek and Ton Vorst ()

No 272276, Econometric Institute Archives from Erasmus University Rotterdam

Abstract: In this paper we will show that for a suitable choice of the parameters in an urban retail model as developed by Huff and Lakshmanen and Hansen one finds a cusp catastrophe in the surface of equilibrium points. We give some economic consequences of the fact that we have a cusp catastrophe. Furthermore we show that for other choices of the parameters the equilibrium points of the model depend smoothly on the parameters.

Keywords: Community/Rural/Urban Development; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 26
Date: 1983
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Related works:
Journal Article: The Cusp Catastrophe in the Urban Retail Model (1984)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eureia:272276

DOI: 10.22004/ag.econ.272276

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