On the Coevolution of Economic and Ecological Systems

Posted: 26 Oct 2021

See all articles by Simon Levin

Simon Levin

Princeton University - Department of Ecology and Evolutionary Biology

Anastasios Xepapadeas

Athens University of Economics and Business; University of Bologna - School of Economics, Management, and Statistics

Date Written: October 1, 2021

Abstract

This review provides a description of common and distinct characteristics of economic and ecological systems; examples of the ways in which these characteristics can be incorporated into models adequately describing the coevolution of the two-component systems to produce a unified ecological-economic system in time, space, and appropriate scale; and a discussion of policy design when the policy maker takes into account this coevolution, along with potential biases when the coevolution is ignored. We propose the development of integrated assessment models of the coevolving systems that will embody the variety of common and distinct characteristics identified in this survey. We expect that such an approach will provide useful insights into the efficient management of coevolving ecological-economic systems.

Suggested Citation

Levin, Simon and Xepapadeas, Anastasios, On the Coevolution of Economic and Ecological Systems (October 1, 2021). Annual Review of Resource Economics, Vol. 13, Issue 1, pp. 355-377, 2021, Available at SSRN: https://ssrn.com/abstract=3947708 or http://dx.doi.org/10.1146/annurev-resource-103020-083100

Simon Levin (Contact Author)

Princeton University - Department of Ecology and Evolutionary Biology ( email )

Princeton, NJ 08544
United States
Not Available (Phone)
Not Available (Fax)

Anastasios Xepapadeas

Athens University of Economics and Business ( email )

76 Patission Street
Athens, 104 34
Greece

University of Bologna - School of Economics, Management, and Statistics ( email )

Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy

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