Economics Research Institute Study Paper
Utah State University Department of Economics
We now know that from a functional standpoint, jointly determined ecological-economic systems ( ecosystems) cycle over time. However, because this recognition has been recent, the ecological economics literature contains very few formal studies of the management of cyclical ecosystems. Consequently, the objective of this paper is to use renewal theory to examine two ways of analyzing the optimal management of cyclical ecosystems.
Batabyal, Amitrajeet A., "Aspects of the Optimal Management of Cyclical Ecological-Economic Systems" (1998). Economic Research Institute Study Papers. Paper 149.