Harrod's "knife-edge" reconsidered: an application of the Hopf bifurcation theorem and numerical simulations

Article Abstract:

The Instability Principle or Harrod's knife-edge instability states that the warranted rate of growth is a unique moving equilibrium which is highly unstable. Over time, economist Roy Harrod changed the interpretation of his theory in which a concept similar to the corridor stability was introduced. Knife-edge instability under the assumptions of price-flexibility and putty-clay technology in the goods market yielded results that were consistent with Harrod's later pronouncements.

Research, Criticism and interpretation, Economists, Business cycles, Bifurcation theory, Differential equations, Nonlinear, Nonlinear differential equations, Harrod, Roy F.

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Product line rivalry and market segmentation - with an application to automobile optional engine pricing

Article Abstract:

Automobile pricing practices are discussed. Automobiles with and without various additional options are evaluated.

United States, Motor vehicles and car bodies, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Statistical Data Included, Prices and rates, Automobile industry

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