Singularity Theory in Comparative Statics and Comparative Dynamics

P-N-V Tu

Working Papers from Calgary - Department of Economics

Abstract: Singularity Theory (ST), Comparative Statics (CS) and Comparative Dynamics (CD) all deal with the displacement of equilibrium of trajectory caused by a slight change of some parameter, with CS focusing particularly on comparing static equilibria, CD on comparing dynamic paths and ST on degenerate critical points where the tool of both CS and CD become inadequate. This paper purports to bring the three together, since they deal with essentially the same problems, with an emphasis on ST and its place in Economics.

Keywords: STATISTICS (search for similar items in EconPapers)
JEL-codes: C10 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calgar:9702

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