On the extinction of species in jointly determined stochastic systems

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.

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Year of publication:	2000
Authors:	Batabyal, Amitrajeet ; Beladi, Hamid
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 9, p. 609-612
Publisher:	Taylor & Francis Journals

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009202889