Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
17
Publisher
Utah State University Department of Economics
Publication Date
1999
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.
http://digitalcommons.usu.edu/eri/167