Given , let . For let where is the survivor set of the open dynamical system with a hole . In this paper we give a complete characterization of , and show that is piecewise continuous with precisely discontinuity points, where is the number of bulbs of period in the Mandelbrot set. To describe the critical value function we construct a finite butterfly tree , from which we are able to determine the discontinuity points and the analytic formula of based on Farey words and substitution operators. As a by product, we characterize the extremal Lyndon words and extremal Perron words. Since we are working in the symbolic space, our result can be applied to study phase transitions for periodic orbits in topologically expansive Lorenz maps, doubling map with an asymmetric hole, intermediate -transformations, unique expansions in double bases, and so on.

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