The Stability of Stochastic Systems: The Case of Persistence and Resilience

18 Pages Posted: 11 Jan 2000

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

Beginning with the ground breaking work of K. Arrow and L. Hurwicz, there now exists a sizeable literature in economics on the stability of economic systems. However, to the best of our knowledge, this literature in economics does not contain any analyses of the stability of stochastic ecological-economic systems that are jointly determined. As such, the goal of this article is to identify and mathematically describe two stability notions for such systems.

JEL Classification: Q00

Suggested Citation

Batabyal, Amitrajeet A. and Beladi, Hamid, The Stability of Stochastic Systems: The Case of Persistence and Resilience. Available at SSRN: https://ssrn.com/abstract=203069 or http://dx.doi.org/10.2139/ssrn.203069

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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San Antonio, TX 78249
United States
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