On the Extinction of Species in Jointly Determined Stochastic Systems

11 Pages Posted: 24 Mar 1999

See all articles by Amitrajeet A. Batabyal

Amitrajeet A. Batabyal

Rochester Institute of Technology (RIT) - Department of Economics

Hamid Beladi

University of Texas at San Antonio - College of Business - Department of Economics

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Abstract

The sizeable literature on extinction in economics has paid scant attention to the problem of constructing measures of species extinction. Moreover, this literature has not studied the question of species extinction in stochastic systems that are jointly determined. Consequently, the objective of this paper is to use probability theory to construct a measure of species extinction in jointly determined ecological-economic systems.

JEL Classification: Q20, C44

Suggested Citation

Batabyal, Amitrajeet A. and Beladi, Hamid, On the Extinction of Species in Jointly Determined Stochastic Systems. Available at SSRN: https://ssrn.com/abstract=157349 or http://dx.doi.org/10.2139/ssrn.157349

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology (RIT) - Department of Economics ( email )

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Hamid Beladi

University of Texas at San Antonio - College of Business - Department of Economics ( email )

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