The stability of stochastic systems: The case of persistence and resilience

被引:13
作者
Batabyal, AA
Beladi, H
机构
[1] Utah State Univ, Dept Econ, Logan, UT 84322 USA
[2] Univ Dayton, Dept Econ & Finance, Dayton, OH 45469 USA
关键词
persistence; resilience; stability; stochastic ecological-economic system;
D O I
10.1016/S0895-7177(99)00162-4
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
Beginning with the seminal work of Arrow and Hurwicz [1], 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. (C) 1999 Elsevier Science Ltd. All rights reserved.
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页码:27 / 34
页数:8
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