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Perturbed cusp catastrophe in a population game: Spatial economics with locational asymmetries.
- Source :
-
Journal of Regional Science . Sep2022, Vol. 62 Issue 4, p961-980. 20p. 8 Diagrams. - Publication Year :
- 2022
-
Abstract
- This paper studies the cusp catastrophe in a two‐strategy population game with exogenous locational asymmetries and its application to spatial economics. We derive approximating games of two kinds: a cusp catastrophe form and a more general form. As a novel contribution of this paper, the effects of an arbitrary number of regional asymmetries are expressed using only three asymmetry parameters, thereby allowing for an analytical analysis. We find a new behavior with hysteresis using the general form. The usefulness of the forms is demonstrated for two economic geography models. A numerical recipe is presented to construct the cusp catastrophe form. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00224146
- Volume :
- 62
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Journal of Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 158964386
- Full Text :
- https://doi.org/10.1111/jors.12582