Economics Research Institute Study Paper
Utah State University Department of Economics
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at email@example.com.
The importance of the notion of resilience in determining the static and the intertemporal behavior of jointly determined ecological/economic systems has been recognized by ecologists at least since Holling (1973). This notwithstanding, there are very few formal studies of such systems that explicitly analyze the ecological and the economic aspects of the problem. Consequently, this paper has two objectives. First, a new stationary probability-based method is proposed to characterize the notion of ecological resilience. Next, this characterization is used to study the problem of optimal species conservation.
Batabyal, Amitrajeet A., "On Some Aspects of Ecological Resilience and the Conservation of Species" (1998). Economic Research Institute Study Papers. Paper 145.