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On the time and direction of stochastic bifurcation
(Elsevier, 1998)
This paper is a mathematical companion to an article introducing a new economics model, by Burdzy, Frankel and Pauzner (1997). The motivation of this paper is applied, but the results may have some mathematical interest in their own right. Our model, i.e., equation (1.1) below, does not seem to be known in literature. Despite ...