CATASTROPHE THEORY AND ITS APPLICATION IN ECONOMICS

Autor: Hossein Abbasi Nejad, Shapour Mohamadi
Jazyk: perština
Rok vydání: 2002
Předmět:
Zdroj: فصلنامه پژوهش‌های اقتصادی ایران, Vol 4, Iss 12, Pp 11-28 (2002)
Druh dokumentu: article
ISSN: 1726-0728
2476-6445
Popis: Sudden jumps, qualitative changes and discontinuities are not rare in social and economic phenomena. Catastrophe theory is a proper approach to modeling of dynamical systems that a company faces with sudden jump. Catastrophe theory can be applied in areas such as nonlinear growth models, technical changes, institutional changes, Philips curve, stock market, consumers' behavior and monopolistic behavior. This paper tends to clarify the theory and provide a general guideline to application of it in specific subjects.
Databáze: Directory of Open Access Journals