Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
17
Publisher
Utah State University Department of Economics
Publication Date
1999
Rights
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 digitalcommons@usu.edu.
First Page
1
Last Page
19
Abstract
Beginning with the seminal work of K. J. Arrow and L. Hurwicz, there now exists a vast literature in economics on the stability of economic systems. This notwithstanding, to the best of our knowledge, the economics literature does not contain any studies of the stability of jointly determined, stochastic ecological-economic systems. Consequently, the objective of this paper is to identify and mathematically characterize two stability concepts for such systems.
Recommended Citation
Batabyal, Amitrajeet A. and Beladi, Hamid, "The Stability of Stochastic Systems: The Case of Persistence and Resilience" (1999). Economic Research Institute Study Papers. Paper 167.
https://digitalcommons.usu.edu/eri/167